Capital gains exemption thresholds raised in Income tax provisions, substituting higher statutory monetary limits across specified sections effective fiscal period. Consequential amendments substitute higher monetary limits in the Explanation to the proviso of several Income tax Act provisions, replacing the prior monetary floor with an increased amount to alter the threshold for eligibility for specified capital gains and asset transfer reliefs, with effect from the stated commencement of the fiscal period.
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Provisions expressly mentioned in the judgment/order text.
Capital gains exemption thresholds raised in Income tax provisions, substituting higher statutory monetary limits across specified sections effective fiscal period.
Consequential amendments substitute higher monetary limits in the Explanation to the proviso of several Income tax Act provisions, replacing the prior monetary floor with an increased amount to alter the threshold for eligibility for specified capital gains and asset transfer reliefs, with effect from the stated commencement of the fiscal period.
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