Amendment of Section 54E
X X X X Extracts X X X X
X X X X Extracts X X X X
....ideration" shall be substituted; (b) in clause (a), for the words "full value of the consideration received or accruing", the words "net consideration" shall be substituted; (c) in clause (b), - (i) for the words "full value of the consideration received or accruing", the words "net consideration" shall be substituted; (ii) for the words "f....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... notify in this behalf in the Official Gazette."; (e) in Explanation 3, for the words, brackets, figure and letter "the full value of the consideration or any part thereof in any equity shares referred to in clause (va)", the words, brackets, figure and letters "the whole or any part of the net consideration in any equity shares referred to in sub-clause (va) of clause (a)&qu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of the net consideration in respect" shall be substituted; (b) for the words, brackets and figures "referred to in clause (vi)", the words, brackets, figures and letter "referred to in sub-clause (vi) of clause (a)" shall be substituted; (c) in clause (a), for the words, brackets and figures "said clause (vi)", the words, brackets and figures "said sub-c....
X X X X Extracts X X X X
X X X X Extracts X X X X
....'(iiia) "specified asset" means - (a) in relation to any additional compensation or additional consideration received before the 1st day of March, 1979, any of the assets referred to in clause (a) of Explanation 1 below sub-section (1); (b) in relation to any additional compensation or additional consideration received after the 28th day of February, 1979, the National Rural Developm....
TaxTMI
TaxTMI