Amendment to section 112 removes subsection (3), changing treatment of long-term capital gains under the Income-tax law. Amendment removes a consequential provision affecting tax on long-term capital gains by omitting sub-section (3) of section 112 of the Income-tax Act, ... Summary
Amendment to section 112 removes subsection (3), changing treatment of long-term capital gains under the Income-tax law.
Amendment removes a consequential provision affecting tax on long-term capital gains by omitting sub-section (3) of section 112 of the Income-tax Act, consequential to the omission of another statutory provision, and takes effect from the commencement of the specified financial year.
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