Amendment of section 47.

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..... the following clause shall be substituted with effect from the 1st day of April, 2025, namely: (iii) any transfer of a capital asset by an individual or a Hindu undivided family, under a gift or will .....

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..... pect of specified Employees Stock Option Plan or Scheme of a company. It is proposed to substitute the said clause so as to provide that nothing contained in section 45 shall apply to any transfer of .....

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