Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Bill 2019 extends sale time for attached property under Rule 68B from 3 to 7 years, with possible extension.</h1> Clause 68 of the Finance (No. 2) Bill, 2019 proposes to amend rule 68B of the Second Schedule of the Income-tax Act. The amendment extends the time limit for the sale of attached immovable property from three years to seven years after the financial year in which the tax-related order becomes final. Additionally, a new proviso allows the Board to further extend this period by up to three more years, provided the reasons are documented in writing. These changes are effective from September 1, 2019.