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Amendment of section 48.
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....ed and shall be deemed to have been inserted with effect from the 23rd day of July, 2024. - Clause 20 of the Bill seeks to amend section 48 of the Income-tax Act relating to mode of computation. The second proviso to the said section provides that where long-term capital gain arises from the transfer of a long-term capital asset, other than capital gain arising to a non-resident from ....