Amendment of section 115AB.

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.... of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income,-- (A) at the rate of ten per cent. for any transfer which takes place before the 23rd day of July, 2024; and (B) at the rate of twelve and one-half per cent. for any transfer which takes place on or after the 23rd day of July, 2024: and". - Clause 33 of ....

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....x calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income, at the rate of ten per cent.; and (iii) the amount of income-tax with which the Offshore Fund would have been chargeable had its total income been reduced by the amount of income referred to in clause (a) and clause (b). It is proposed to substitute clause (ii) of said s....