Substitution of new section for section 115E

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....on 115E of the Income-tax Act, the following section shall be substituted with effect from the 1st day of April, 1998, namely :- "115E. Tax on investment income and long-term capital gains. - Whe....

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.... (a), if any, included in the total income, at the rate of twenty per cent.; (ii) the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if an....