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Amendment of section 48.
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....ers and words "1st day of April, 1981", the figures, letters and words "1st day of April, 2001" shall be substituted. - Clause 24 of the Bill seeks to amend section 48 of the Income-tax Act relating to mode of computation. The fifth proviso to the said section provides that in case of an assessee being a non-resident, any gains arising on account of appreciation of rupee against a foreign ....
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