Amendment of chapter IV-E relating to capital gains

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Full Text of the Document

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....er clause (vii), the following clause shall be inserted, namely :- "(viii) any transfer of agricultural land in India effected before the 1st day of March, 1970."; (c) after section 54A, the following section shall be inserted, namely :- "54B. Capital gain on transfer of land used for agricultural purposes not to be charged in certain cases. - Where the capital gain arises from the transfer ....