Sections 50C of IT Act resulting in Double Taxation?

Mayank Mohanka , Last updated: 19 August 2019  
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Sections 50C/43CA/56(2)(x) of Income Tax Act concerning Adoption of Circle Rates for Computation of Capital Gain/Business Profits/Income from Other Sources on Land Building, Result in Double Taxation are Contrary to Real Income Theory!! The Finance Act 2002 has introduced a new section 50C with

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Published by

Mayank Mohanka
(Chartered Accountant)
Category Income Tax   Report

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