Capital gains reinvestment relief removes a consequential sub clause affecting eligibility for investment in specified bonds.

The Bill omits clause (a) of sub section (3) of the provision on capital gain exemption for reinvestment in specified bonds as a consequential change following repeal of a related provision, thereby removing a redundant clause and aligning the reinvestment exemption with the amended statutory framework; the amendment is declared to take effect from the commencement of the fiscal year.

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