Section 53 - Omitted - Income-tax Act, 1961

Exemption of capital gains from a residential house. 53. 1 [****] ----------------------------------------- Notes :- 1. Omitted by the Finance Act, 1992, w.e.f. 1-4-1993 . Prior to its omission, section 53 was amended by the Taxation Laws (Amendment) Act, 1984, w.e.f. 1-4-1985 and the Finance Act, 1987, w.e.f. 1-4-1988.