The Ministry of Women and Child Development has requested Ministry of Finance for amendment to section 64 of the Income Tax Act, 1961 for not including income arising from the asset transferred for inadequate consideration by an individual to his wife or son’s wife, said by Minister of State for Women and Child Development, Smt. […]
The post WCD Ministry requests Changes in IT Act to make receipt of Asset without Adequate Consideration by Women Not Taxable appeared first on Taxscan | Simplifying Tax Laws.
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