Home > Law > Taxmann's Section 56(2)(x) ' A Treatise ' Your Complete Guide on the Provisions of Section 56(2)(x) | October 2020 Edition [Paperback] The Chamber of Tax Consultants
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Taxmann's Section 56(2)(x) ' A Treatise ' Your Complete Guide on the Provisions of Section 56(2)(x) | October 2020 Edition [Paperback] The Chamber of Tax Consultants

Taxmann's Section 56(2)(x) ' A Treatise ' Your Complete Guide on the Provisions of Section 56(2)(x) | October 2020 Edition [Paperback] The Chamber of Tax Consultants

          
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About the Book

This book provides acomplete guide on the provisions of Section 56(2)(x). Deemed income arises under this provision when any person receives gifts or acquires an immovable property or specified moveable assets without consideration or for inadequate consideration.Section 56(2)(x) engages significant time and attention of all taxpayers and tax practitioners while planning and structuring any commercial transaction.This book is a compilation of chapters written by three different authors, each one of whom has a different mind-set and a different professional background and experience. This book is updated up to the Finance Act, 2020 & the key features of this book are as follows:Practical understanding of each and every aspect of Section 56(2)(x) Highlights various issues and discrepancies arising out of Section 56(2)(x) Detailed and holistic exposition of each and every issue like ?receipt?, ?consideration?, etc. Detailed and thorough analysis of Rule 11U and Rule 11UA The contents of the book are as follows:Legislative history of Section 56(2)(x) Basic scope of Section 56(2)(x) Interpretation of words ?Receive? & ?Consideration?Place of ReceiptScope of the term ?Property?Taxation in case of restructuringExemptions from the applicability of Section 56(2)(x) Applicability of Section 56(2)(x) to Private TrustsOther connected provisions [Section 2(24), 49, 50C, 50CA, 56(2)(viib), 68 & GAAR] Implications of Rules 11U and 11UAAppendiceso Relevant Sections of the Income-tax Act, 1961o Relevant Rules of the Income-tax Rules, 1962


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Product Details
  • ISBN-13: 9789390128662
  • Publisher: Taxmann
  • Binding: Paperback
  • Height: 40 mm
  • No of Pages: 320
  • Width: 140 mm
  • ISBN-10: 9390128668
  • Publisher Date: 17 Nov 2020
  • Edition: October 2020 Edition
  • Language: English
  • Weight: 345 gr

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Taxmann's Section 56(2)(x) ' A Treatise ' Your Complete Guide on the Provisions of Section 56(2)(x) | October 2020 Edition [Paperback] The Chamber of Tax Consultants
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Taxmann's Section 56(2)(x) ' A Treatise ' Your Complete Guide on the Provisions of Section 56(2)(x) | October 2020 Edition [Paperback] The Chamber of Tax Consultants
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