Deletion of Explanation to section 54F alters application of the capital-gains reinvestment exemption under the Income-tax Act. The Amendment omits the Explanation to sub-section (4) of section 54F of the Income-tax Act, thereby changing the statutory text that framed the ... Summary
Deletion of Explanation to section 54F alters application of the capital-gains reinvestment exemption under the Income-tax Act.
The Amendment omits the Explanation to sub-section (4) of section 54F of the Income-tax Act, thereby changing the statutory text that framed the capital-gains reinvestment exemption under that sub-section; the omission is given a specified commencement.
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