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of <h1>Section 9B and Clause 8: Taxation of Capital Assets During Entity Dissolution or Reconstitution Enhanced with New Guidelines</h1> Section 9B of the Income-tax Act, 1961, and Clause 8 of the Income Tax Bill, 2025, address the taxation of capital assets or stock in trade received by specified persons from specified entities during dissolution or reconstitution. Both provisions aim to clarify tax treatment and establish a deemed transfer mechanism. Clause 8 introduces terminology updates, a two-year guideline issuance period, and enhanced parliamentary oversight. It also refines administrative procedures and timeline specifications, ensuring fair valuation and consistent tax treatment. These changes enhance clarity and implementation while maintaining the core principles of Section 9B.
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