Capital gains treatment clarified: the second proviso to section 48 is made inapplicable and Chapter VI A applies. Language in clause (a) of sub section (2) of section 115D is substituted so that income chargeable under the head "Capital gains" is governed by Chapter ... Summary
Capital gains treatment clarified: the second proviso to section 48 is made inapplicable and Chapter VI A applies.
Language in clause (a) of sub section (2) of section 115D is substituted so that income chargeable under the head "Capital gains" is governed by Chapter VI A and nothing contained in the provisions of the second proviso to section 48 shall apply to such income.
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