Forfeiture Transferof Capital Asset


Forfeiture Transferof Capital Asset

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Forfeiture of advance received for transfer of a capital asset not to be deducted from the cost, etc. but to be taxed under the head "income from other sources" (Section 56(2)(ix)]

 Forfeiture of advance received for transfer of a capital asset not to be deducted from the cost, etc. but to be taxed under the head "income from other sources" (Section 56(2)(ix)] [W.e.f. A.Y. 2015- 2016] 

 

same as point no.33 

To show the point no. 33 click here

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