CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 24, 2016
CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 24, 2016 ROLE OF DEEMING FICTION OF SEC. 50C TO CLAIM RELIEF UNDER SEC. 54/54F Introduction: Section 50C of the Income-tax Act (the Act) was introduced with effect from 1st April, 2003 by the Finance Act, 2002. The purpose of this section was explained thus by the Memorandum to the Finance …