TMI BlogSection 56 Amendment: Tax Exemption for Individuals and Hindu Undivided Families on Shares from Company Demergers or Amalgamations.Amendment of section 56. - to provide exemption from tax in the hands of an individual or a Hindu undivided family, on receipt of shares as a consequence of demerger or amalgamation of a company. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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