Chargeability under Section 211 broadened to include capital gains and specified income under clause (24)(ix) for taxation. The Explanation to Section 211 is amended by substituting the phrase referring solely to capital gains with a reference to the amount of capital gains and ... Summary
Chargeability under Section 211 broadened to include capital gains and specified income under clause (24)(ix) for taxation.
The Explanation to Section 211 is amended by substituting the phrase referring solely to capital gains with a reference to the amount of capital gains and income referred to in sub clause (ix) of clause (24) of section 2, thereby expanding the described receipts subject to the chargeability provision.
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