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Clause 16 - Amendment of section 48. - Finance Bill, 2021Extract Amendment of section 48. 16. In section 48 of the Income-tax Act, after clause (ii) the following clause shall be inserted, namely: (iii) in case of specified entity referred to in sub-section (4A) of section 45, the amount included in the total income of such specified entity under sub-section (4A) of section 45 which is attributable to the capital asset being transferred, calculated in the prescribed manner: .
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