TaxTMI 
TaxTMI 
Omitted
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.... Finance (No. 2) Act, 1971 w.e.f. 01-04-1972 before it was read as, "sixty-five per cent." 6. Substituted vide Section 2 of the Finance (No. 2) Act, 1974 w.e.f. 01-04-1975 before it was read as, "2[thirty-five per cent.]" 7. Substituted vide Section 2 of the Finance (No. 2) Act, 1974 w.e.f. 01-04-1975 before it was read as, "3[fifty per cent.]" 8. Substituted vide Section 2 of the Finance (No. 2) Act, 1974 w.e.f. 01-04-1975 before it was read as, "4[fifty per cent.]" 9. Substituted vide Section 2 of the Finance (No. 2) Act, 1974 w.e.f. 01-04-1975 before it was read as, "5[fifty per cent.]" 10. Omitted vide Section 21 of the Finance ....
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....er cent.] of the long-term capital gains relating to any other capital assets.]" 12. Substituted vide Section 23 of the Finance Act, 1986 w.e.f. 01-04-1987 before it was read as, "five thousand rupees" 13. Substituted vide Section 23 of the Finance Act, 1986 w.e.f. 01-04-1987 before it was read as, "five thousand rupees" 14. Substituted vide Section 23 of the Finance Act, 1986 w.e.f. 01-04-1987 before it was read as, "five thousand rupees" 15. Substituted vide Section 23 of the Finance Act, 1986 w.e.f. 01-04-1987 before it was read as, "five thousand rupees" 16. Substituted vide Section 23 of the Finance Act, 1986 w.e.f. 01-04-1987 before it was r....
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....s or lands or any rights in buildings or lands, exceed 14[ten thousand rupees]; (B) at such of the rates specified in column (3) in the Twelfth Schedule as is applicable, with reference to the amount by which the long-term capital gains relating to any other capital assets exceed 15[ten thousand rupees] : Provided that where the long-term capital gains relate to - (i) buildings or lands or any rights in buildings or lands; (ii) gold, bullion or jewellery; and (iii) any other capital asset, or to any two of the categories of capital assets mentioned in the foregoing clauses of this proviso (the assets falling under each clause being treated as a separate category), the deduction of 16[ten thousand rupees] referred to in this clau....