Gold Bonds Gain Tax Exemption Status: Section 2(14)(iv) Amended to Include National Defence Gold Bonds, 1980
The amendment modifies section 2 of the Income-tax Act, 1961 by expanding sub-clause (iv) of clause (14) to include "National Defence Gold Bonds, 1980" alongside existing provisions. This legislative change updates the statutory language to incorporate a specific financial instrument within the existing taxation framework, potentially broadening the scope of tax-related definitions or exemptions.
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