Taxing transactions without or inadequate consideration

Last updated: 09 July 2009

Taxation of certain transactions without consideration or for an inadequate consideration as income from other sources Section 56(vi) provide that any sum of money (in excess of the prescribed limit of Rupees fifty thousand) received without consideration by an individual or HUF will be cha

You have reached daily limit of 2 Free News. To view this or other News please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Category Others   Report

Comment   Share
  13512 Views
Comments

Recent News :

  1. Detailed Valuation Report Format Proposed Under Section 514 for Asset Valuation
  2. Draft Form No. 86 Proposed to Regulate Digital Records and Seized Assets Under New Tax Law
  3. AI in Tax Orders Under Scanner as Gujarat High Court Flags Fake Case Laws
  4. Finance Ministry Notifies Aadhaar Authentication for CIBIL Credit Report Access
  5. DGFT Extends Deadline for TRQ Applications Under Key FTAs for FY 2026-27
  6. TDS on Property, Rent & Virtual Digital Assets: Draft Form 141 Brings Detailed Reporting Norms
  7. New Draft Form Introduced for Provisional Registration Under Income Tax Act, 2025
  8. ICAI to implement 11 ISAS to Strengthen Digital Audits
  9. MCA Launches Companies Compliance Facilitation Scheme 2026 with Major Relief on Late Filing Fees
  10. Fake GST Officials Rob Rs 2.4 Crore Gold in Chennai

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us


Browse by Category