Capital gains exemption timing amended to apply only to transfers before a specified earlier date, effective from enactment. The Finance Act, 2000 inserted the words "before the 1st day of April, 2000" into subsection (1) of section 54EB immediately after "transfer of a ... Summary
Capital gains exemption timing amended to apply only to transfers before a specified earlier date, effective from enactment.
The Finance Act, 2000 inserted the words "before the 1st day of April, 2000" into subsection (1) of section 54EB immediately after "transfer of a long-term capital asset," thereby restricting that subsection's application to transfers occurring prior to that date, with effect from the 1st day of April, 2001.
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