Amendment of section 54GB

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.... shall have the effect as if for the figures, letters and words "31st day of March, 2017", the figures, letters and words "31st day of March, 2019" had been substituted;"; (b) in sub-section (6),- (i) in clause (b),- (A) in sub-clause (ii), after the words "an article or a thing", the words "or in an eligible business" shall be inserted; (B) in sub-clause (iv), after the words and figu....

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....ing to Capital gain on transfer of residential property not to be charged in certain cases. The existing provisions of section 54GB provide that capital gains arising on account of transfer of a residential property shall not be charged to tax if such capital gains is invested in subscription of shares of a company which qualifies to be a small or medium enterprise under the Micro, Small and Me....