TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rule 8AB: Income Attribution for Revalued Assets under Section 45(4) Requires Form 5C Submission by Tax Return Due Date.</h1> Rule 8AB under the Income Tax Rules, 1962, addresses the attribution of income taxable under sub-section (4) of section 45 to the capital assets remaining with a specified entity, as outlined in section 48. It specifies that when income is chargeable to tax due to revaluation or valuation of self-generated assets or goodwill, the amount attributed to capital assets should be proportionate to the increase in value. If no revaluation is involved, no attribution is required. The specified entity must file Form No. 5C electronically, detailing attributed amounts, by the due date for tax returns. The Principal Director General of Income-tax is responsible for procedural and security aspects of Form No. 5C.
TaxTMI 
TaxTMI 
