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Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Amendment of section 47 - any transfer by a unit holder of a ...

Bill

March 1, 2016

Amendment of section 47 - any transfer by a unit holder of a capital asset, being a unit or units, held by him in the consolidating plan of a mutual fund scheme, made in consideration of the allotment to him of a capital asset, being a unit or units, in the consolidated plan of that scheme of the mutual fund shall not be considered as transfer for capital gain tax purposes.

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