Applicability of the provisions of Section 68 of the Income-tax Act vis-à-vis sums of money credited as share capital/share premium

Section 2(24) of the Income-tax Act (the Act) defines income and the definition,as found in the Act, is an inclusive one and so what is not usefully envisaged as income may be treated as income if adequate precautions are not taken.Section 2(24) of the Income-tax Act (the Act) defines income and the definition,as found in the Act, is an inclusive one and so what is not usefully envisaged as income may be treated as income if adequate precautions are not taken.taxmann.com Latest ArticlesRead More

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