Amendment of section 50.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the 1st day of April, 2020 and depreciation thereon has been obtained by the assessee under the Act, the written down value of that block of asset and short term capital gain, if any, shall be determined in such manner as may be prescribed.". - Clause 18 of the Bill seeks to amend section 50 of the Income-tax Act relating to special provision for computation of capital gains in case of deprec....