Tag Archives: rule 56 of income tax rules 2026

RULE 56 INCOME-TAX RULES 2026 Meaning of expressions used in determination of fair market value.

By | April 1, 2026

RULE 56 INCOME-TAX RULES 2026 RULE 56 INCOME-TAX RULES 2026 Meaning of expressions used in determination of fair market value. 56. For the purposes of this rule and rule 57,— (a) “balance sheet”, in relation to any company, means,— (i) in relation to an Indian company, the balance sheet of such company (including the notes annexed… Read More »