Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Purchase by Central Government of immovable properties: defines apparent consideration and transfer for compulsory vesting and valuation consequences. Defines key terms under Chapter 269UA: an agreement for transfer is any transfer agreement; immovable property includes land, buildings and related ... Summary
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Purchase by Central Government of immovable properties: defines apparent consideration and transfer for compulsory vesting and valuation consequences.
Defines key terms under Chapter 269UA: an agreement for transfer is any transfer agreement; immovable property includes land, buildings and related fixtures or rights arising from non sale transactions; person interested covers claimants to consideration on vesting. Apparent consideration is prescribed by transaction type (sale, exchange, lease), and deferred payments are taken at their discounted value using a prescribed interest rate. Transfer means sale, exchange or lease of twelve years or acts transferring or enabling enjoyment of rights in category (ii) properties.
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