Tag Archives: Section 23 of Finance Act 2018

Section 23 of Finance Act 2018 : Amendment of section 56 Income Tax Act

By | April 1, 2018

Section 23 of Finance Act 2018 [Section 23 of Finance Act 2018 deals with Amendment of section 56. and is covered in CHAPTER III DIRECT TAXES] Amendment of section 56. 23. In section 56 of the Income-tax Act, in sub-section (2),— (A) in clause (x),— (I) in sub-clause (b), for item (B), the following item shall be substituted… Read More »