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<h1>Finance Bill 2010 Amends Section 56: Taxes on Free Property and Includes Bullion; New Rules for Shares from June 2010.</h1> Clause 21 of the Finance Bill, 2010, amends section 56 of the Income-tax Act concerning income from other sources. It modifies sub-clause (b) of clause (vii) to tax immovable property received without consideration, effective retrospectively from October 1, 2009. The amendment specifies that only properties received without consideration are taxable, removing the clause on inadequate consideration. Additionally, the definition of 'property' now includes 'bullion' from June 1, 2010. A new clause (viia) addresses transactions involving shares of non-public companies received by firms or non-public companies, effective June 1, 2010.