Section 54EC amendment removes clause (a) of subsection (3), changing the reinvestment condition for specified bonds. The Finance Act, 2023 amends the capital gains reinvestment regime by omitting clause (a) of sub section (3) of Section 54EC, thereby removing that ... Summary
Section 54EC amendment removes clause (a) of subsection (3), changing the reinvestment condition for specified bonds.
The Finance Act, 2023 amends the capital gains reinvestment regime by omitting clause (a) of sub section (3) of Section 54EC, thereby removing that specific provision from the statutory framework governing reinvestment in specified bonds linked to capital gains tax treatment.
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