https://www.taxtmi.com/acts?id=38262 The Bill amends section 56(2) to substitute references to the updated trust registration regime in several provisos so that receipts from trusts registered under the updated registration provision are excluded from specified chargeable entries, effective from the stated commencement date. It also increases the stamp duty valuation threshold for immovable property transfers for consideration so that a larger disparity between stamp duty value and consideration (subject to the existing monetary floor) is chargeable as income from other sources, with a later commencement applying to the specified assessment year onward. en-us Sat, 01 Feb 2020 16:31:01 +0530 Sat, 01 Feb 2020 16:31:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38262 The Bill amends section 56(2) to substitute references to the updated trust registration regime in several provisos so that receipts from trusts registered under the updated registration provision are excluded from specified chargeable entries, effective from the stated commencement date. It also increases the stamp duty valuation threshold for immovable property transfers for consideration so that a larger disparity between stamp duty value and consideration (subject to the existing monetary floor) is chargeable as income from other sources, with a later commencement applying to the specified assessment year onward. Act-Rules Bill Sat, 01 Feb 2020 16:31:01 +0530 https://www.taxtmi.com/acts?id=38262