Tag Archives: Rule 11UAC income tax

Exemption to unauthorized colony from Income Tax by CBDT : Notification

By | November 13, 2019

The Central Board of Direct Taxes (CBDT) has notified a new Rule 11UAC in which it provided that provisions of Sec. 56(2)(x) shall not be applicable to any immovable property received by resident of unauthorized colony. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th November, 2019 G.S.R.… Read More »