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)(viib)
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
The receipt of shares by a firm or a closely held company from any person
Chargeable income (section56 (2))
Gifts received without consideration or for inadequate consideration: Gifts received in excess of ₹50,000 from
Dividend section 56 (2)
A dividend of Section 56(2) is a dividend that is received by a person without
Income from other sources
Basis of charge section 56(1) Section 56(1) of the Income Tax Act, 1961 (ITA) provides
MONEY / PROPERTY IS RECIVED WITHOUT CONSEDERATION OR FOR INADEQUATE CONSIDERATION
Under the Income Tax Act, 1961, any sum of money or the value of any
INCOME FROM MACHINERY, PLANT OR FURNITURE LET ON HIRE
Income from machinery, plant or furniture let on hire is taxable in India under the
INTREST EXEMPT UNDER SECTION 10(15)
Under Section 10(15) of the Income Tax Act, 1961, the following types of interest are
INTREST ON SECURITIES
Interest on securities under income tax is the interest income that is received by an