Amendment of section 111A

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Full Text of the Document

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....hall be inserted, namely:-- "Provided further that the provisions of this sub-section shall not apply in respect of any income arising from transfer of units of a business trust which were acquired by the assessee in consideration of a transfer as referred to in clause (xvii) of section 47.". - Clause 33 of the Bill seeks to amend section 111A of the Income-tax Act relating to tax on short-te....