Amendment of section 54EC

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Full Text of the Document

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.... assessee in the long-term specified asset, from capital gains arising from transfer of one or more original assets, during the financial year in which the original asset or assets are transferred and in the subsequent financial year does not exceed fifty lakh rupees.". - Clause 23 of the Bill seeks to amend section 54EC of the Income-tax Act relating to capital gain not to be charged on inve....