Addition of section 54C expands Section 45's list of capital gains exemptions, altering statutory references with retrospective fiscal effect. Amendment adds an additional capital gains reference to the list of provisions incorporated into the capital gains charging provision, substituting the ... Summary
Addition of section 54C expands Section 45's list of capital gains exemptions, altering statutory references with retrospective fiscal effect.
Amendment adds an additional capital gains reference to the list of provisions incorporated into the capital gains charging provision, substituting the prior list to include the newly specified provision, with the substitution operating from the commencement of the next fiscal year.
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