# The Finance Act, 2014, Section 25: Amendment of section 56

- Act: The Finance Act, 2014 (Act 25 of 2014)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2014/section/25/

## Text

Amendment of section 56. 25. In section 56 of the Income-tax Act, in sub-section (2), after clause (viii), the following clause shall be inserted with effect from the 1st day of April, 2015, namely:— "(ix) | any sum of money received as an advance or otherwise in the course of negotiations for transfer of a capital asset, if,— (a) | such sum is forfeited; and (b) | the negotiations do not result in transfer of such capital asset.". © Copyright. Taxmann Publications Pvt. Ltd.

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