Amendment of section 54GB.

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..... igible start-up referred to in the proviso to clause (d) of sub-section (6), the provisions of this sub-section shall have effect as if for the words five years , the words three years had been substituted. ; (ii) in sub-section (5), in the proviso, for the figures 2019 , the figures 2021 shall be substituted; (iii) in sub-section (6), in clause (b), in sub-clause (iii), for the word fifty at both .....

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..... ew asset, then, the amount so utilised shall not be charged to tax as the income of the previous year. It is further provided that the new assets shall not be sold or otherwise transferred within a period of five years from the date of their acquisition; the capital gains arising from transfer of residential property made after the 31st day of March, 2017 (in case of eligible start-up, the 31st Ma .....

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