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of <h1>Income-tax Act Section 45 Amendment: Repurchase Price vs. Capital Value Now Taxed as Capital Gains from April 1, 1991.</h1> Section 45 of the Income-tax Act is amended to include a new sub-section (6), effective from April 1, 1991. This sub-section specifies that the difference between the repurchase price of certain units and their capital value will be considered capital gains for the assessee in the year of repurchase or plan termination. The capital value is defined as the amount invested by the assessee in the units under section 80CCB(2). This amendment affects how such transactions are taxed, ensuring that the difference is treated as taxable capital gains.
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