Day: November 21, 2023

Circular No. 2/2002, dated 15 February 2002, issued by the Central Board of Direct Taxes

A deep discount bond is a bond that is sold at a price significantly lower

National Savings Certificates (NSCs) are a popular investment option in India. They are offered by

Section 56(2) of the Income-tax Act, 1961, deals with the taxation of any sum received

Section 56(2)(xii) of the Income-tax Act, 1961, provides that any sum received by a unit

Compensation on termination of employment (section 56(2)) is any amount received by an employee from

Advance money under Section 56(2) of the Income-tax Act, 1961, refers to any sum of

Interest on compensation (Section 56(2)) is any interest received on compensation or enhanced compensation referred

Share premium in excess of fair market value (Section 56(2) (vii) of the Income Tax

The receipt of shares by a firm or a closely held company from any person