Amendment to Section 54D removes the Explanation in subsection two, changing the statutory capital gains exemption text. Amendment removes the Explanation in subsection (2) of the Income-tax Act provision concerning capital gains exemption under Section 54D, effective from 1 ... Summary
Amendment to Section 54D removes the Explanation in subsection two, changing the statutory capital gains exemption text.
Amendment removes the Explanation in subsection (2) of the Income-tax Act provision concerning capital gains exemption under Section 54D, effective from 1 April 1993, by omitting the specified Explanation and leaving the remainder of the subsection unchanged.
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