Amendment of section 115T.
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.... the Income-tax Act, for clause (b), the following clause shall be substituted, namely:-- '(b) "equity oriented fund" means a fund referred to in clause (a) of the Explanation to section 112A....
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....ble funds are invested by way of equity shares in domestic companies to the extent of more than sixty-five per cent. of the total proceeds of such fund. It is proposed to amend the said clause so a....
TaxTMI