Web18 Jun 2024 · Starting January 1, 2024, the provisions regarding the tax withholding relief procedure will be governed by a new Section 50c of the German Income Tax Act (GITA). … WebIn the present case, section 50C creates a legal fiction for taxing capital gains in the hands of the seller and it cannot be extended for taxing the difference between apparent consideration and valuation done by Stamp Valuation Authorities as undisclosed investment under section 69.

Germany: New Legislation on WHT Relief, Anti-Treaty Shopping …

Web6 The ld. counsel for the assessee reiterated the submissions made before authorities below and referred to Board's circular and certain decisions in support of his contention that Section 50C of the Act would not apply in the case of the assessee because no Sale Deed is registered and that Section 50C of the Act was amended w.e.f. 01.10.2009 ... Web6 Mar 2013 · According to the Ld. D.R., under Section 50C of the Act, the value assessable by the State Registration authorities has also to be considered, therefore, Section 50C of … don chester st mary\\u0027s medical center florida

Section 50C – Tax Provisions, Assessment, Case Laws - TaxGuru

WebView history. Section 50C of the Isle of Man Income Tax Act 1970 is an Act of Tynwald (the Parliament of the Isle of Man) which created a new type of pension arrangement, adding … Web21 Oct 2024 · Section 50C of the Finance Act of 2016 was revised to correct this legal problem. If the date of the agreement fixing the sale price and the actual date of … Web19 Jan 2024 · What is Section 50C of the I-T Act? With an aim to control the use of unaccounted money in real estate, Section 50C was introduced in the Income Tax Act, … don chesbro