Income from other sources
Sec 56
Charge ability of IFOS
sec 56 (2)(viib)
share premium in excess of FMV to be treated as income
sec 56 (2)(x)
Any sum of money or value of property received without consideration or for inadequate consideration to be subject to tax in the hands of recipient
sec 2(22)
Deemed Dividend
a) Distribution of Assets
b) Distribution of Bonus shares to preference shareholders
c) Liquidation of Company
d) Extent of accumulated profit (excluding capitalised profit) made by a closely held company
Sec 57
Deductions allowable