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TMI BlogAmendment of section 49.X X X X Extracts X X X X X X X X Extracts X X X X ..... fect from the 1st day of April, 2018; (b) after sub-section (2AD), the following sub-section shall be inserted with effect from the 1st day of April, 2018, namely: - (2AE) Where the capital asset, being equity share of a company, became the property of the assessee in consideration of a transfer referred to in clause (xb) of section 47, the cost of acquisition of the asset shall be deemed to be th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5) [as inserted by section 30 of the Finance Act, 2016], (28 of 2016.) the following sub-sections shall be inserted with effect from the 1st day of April, 2018, namely:- (6) Where the capital gain arises from the transfer of a specified capital asset referred to in clause (c) of the Explanation to clause (37A) of section 10, which has been transferred after the expiry of two years from the end of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g the capital asset referred to in the proviso to the said sub-section, the cost of acquisition of such asset, shall be the amount which is deemed as full value of consideration in that sub-section. ; (f) after sub-section (7) as so inserted, the following sub-section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of June, 2016, namely:- (8) Where the capi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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