Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Section 54EC amendment expands eligible bonds to include any bond notified by the Central Government for reinvestment. Amendment to the Section 54EC Explanation (sub-section (3), clause (ba)) substitutes the terminal reference to the Companies Act, 1956 with wording ... Summary
Section 54EC amendment expands eligible bonds to include any bond notified by the Central Government for reinvestment.
Amendment to the Section 54EC Explanation (sub-section (3), clause (ba)) substitutes the terminal reference to the Companies Act, 1956 with wording permitting "any other bond notified by the Central Government" to qualify, thereby expanding eligible instruments for capital gains reinvestment relief, effective from the stated date.
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