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 )
Amendment to Section 48 replaces 'subscribed' with 'held' and updates the statutory reference date for computing cost. Amendment to Section 48 replaces the word "subscribed" with "held" in the fifth proviso and updates the reference date in clause (iii) of the Explanation, ... Summary
Amendment to Section 48 replaces 'subscribed' with 'held' and updates the statutory reference date for computing cost.
Amendment to Section 48 replaces the word "subscribed" with "held" in the fifth proviso and updates the reference date in clause (iii) of the Explanation, thereby changing the operative terminology and the temporal benchmark used in computing capital gains.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.