Amendment of First Schedule

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..... April, 2011, namely:— "(b) (i) any gain or loss on realisation of investments shall be added or deducted, as the case may be, if such gain or loss is not credited or debited to the profit and loss account; (ii) any provision for diminution in the value of investment debited to the profit and loss account, shall be added back;". - Clause 52 of the Bill seeks to amend rule 5 of the First Schedule t .....

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..... osed to substitute the aforesaid clause (b) so as to provide that any gain or loss on realisation of investments shall be added or deducted, as the case may be, if such gain or loss is not credited or debited to the profit and loss account and any provision for diminution in the value of investment debited to the profit and loss account shall be added back. This amendment will take effect from 1st .....

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