Amendment of section 54GB

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..... effect as if for the figures, letters and words 31st day of March, 2017 , the figures, letters and words 31st day of March, 2019 had been substituted; ; (b) in sub-section (6),- (i) in clause (b),- (A) in sub-clause (ii), after the words an article or a thing , the words or in an eligible business shall be inserted; (B) in sub-clause (iv), after the words and figures Micro, Small and Medium Enterp .....

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..... charged in certain cases. The existing provisions of section 54GB provide that capital gains arising on account of transfer of a residential property shall not be charged to tax if such capital gains is invested in subscription of shares of a company which qualifies to be a small or medium enterprise under the Micro, Small and Medium Enterprises Act, 2006 subject to other conditions specified ther .....

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