Daily Archives: May 16, 2017

Deemed Gift and Deemed Capital Gains – Section 56(2)(x) and Section 50CA

Posted on May 16, 2017 by Parveen Kumar

Section 56(2)(x) Finance Act 2017 has inserted a new clause (x) in section 56(2) w.e.f 1st April 2017 (i.e. applicable from AY 2018-19 related to FY 2017-18) which has considerably widened the scope of provisions taxing deemed gift as income. … Continue reading →

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