Amendment of section 54GB

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..... all have the effect as if for the figures, letters and words 31st day of March, 2017 , the figures, letters and words 31st day of March, 2019 had been substituted; ; (b) in sub-section (6),- (i) in clause (b),- (A) in sub-clause (ii), after the words an article or a thing , the words or in an eligible business shall be inserted; (B) in sub-clause (iv), after the words and figures .....

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..... tal gain on transfer of residential property not to be charged in certain cases. The existing provisions of section 54GB provide that capital gains arising on account of transfer of a residential property shall not be charged to tax if such capital gains is invested in subscription of shares of a company which qualifies to be a small or medium enterprise under the Micro, Small and Medium Enterp .....

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..... rial Board of Certification notified by the Central Government in the Official Gazette. These amendments will take effect from 1st April, 2017 and will, accordingly, apply in relation to the assessment year 2017-18 and subsequent assessment years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindia - taxma .....

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