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Amendment of section 54EC.

Clause 20 - Bills - DIRECT TAXES - Income-tax - FINANCE BILL, 2018 - Clause 20 - 20. In section 54EC of the Income-tax Act, with effect from the 1st day of April, 2019,- (a) in sub-section (1), after the words long-term capital asset , the words , be .....

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April, 2018, means any bond, redeemable after five years and issued on or after the 1st day of April, 2018, by the National Highways Authority of India constituted under section 3 of the National Highways Authority of India Act, 1988 (68 of 1988) or .....

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term specified asset at any time within a period of six months after the date of such transfer, shall not be charged to tax subject to certain conditions specified in the said section. It is proposed to amend the said section so as to provide that ca .....

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day of April, 2007, to mean any bond, redeemable after three years and issued on or after the1st day of April, 2007 by the National Highways Authority of India or by the Rural Electrification Corporation Limited; or any other bond notified by the Ce .....

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deemable after five years and issued on or after the 1st day of April, 2018 by the National Highways Authority of India or by the Rural Electrification Corporation Limited or any other bond notified by the Central Government in this behalf. These ame .....

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