Capital gains not to be charged on investment in certain bonds.

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Full Text of the Document

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....sfer, invested whole or part of the capital gains in a long-term specified asset (new asset), then, the capital gains shall be dealt with as follows:- (i) if the capital gains exceed the investment in the new asset, the amount of capital gains as exceeds such investment shall be charged under section 67; or (ii) if the capital gains is equal to or less than the investment in the new asset, th....