Amendment of section 45

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Full Text of the Document

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.... or other authority shall be deemed to be income chargeable under the head "Capital gains" of the previous year in which the final order of such court, Tribunal or other authority is made;'. - Clause 17 of the Bill seeks to amend section 45 of the Income-tax Act relating to capital gains. The existing provisions contained in section 45 provide for charging of any profits or gains arising from....