Clause 16 - Amendment of section 48. - Finance Bill, 2021

Amendment of section 48. 16. In section 48 of the Income-tax Act, after clause (ii) the following clause shall be inserted, namely: ── (iii) in case of specified entity referred to in sub-section (4A) of section 45, the amount included in the total income of such specified entity under sub-section (4A) of section 45 which is attributable to the capital asset being transferred, calculated in the prescribed manner: .