The taxation landscape surrounding gratuitous transfers in India has witnessed a profound metamorphosis, evolving from a donor-centric paradigm to a meticulous donor-focused regime. Historically, under […]
Section 56(2)(x)
Navigating Taxes on Conversion of Undisclosed Income
In the intricate labyrinth of modern taxation, Section 56(2)(x) of the Income Tax Act emerges as a crucial sentinel against the surreptitious conversion of unaccounted […]