Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Mayur Patil asked 1 year ago
  1. sir, there’s amendment in sec 56(2)(x) income tax act, inadequate consideration of immovable property limit changed to 10% from 5%. is this amendment applicable in clause 29B of 3CD? 
1 Answers
RaviRavi Staff answered 1 year ago

It is substituted by Finance Act 2020
From 5% to 10%
So its applicable for May / July 21 Exams

Call Back Request