Amendments in Finance Bill 2016 as passed by Lok Sabha. Clause wise summary and analysis
May 6, 2016
Income Tax
Amendments in Finance Bill 2016 as passed by Lok Sabha. Clause wise summary and analysis Clause 3 Clause (29A) of section 2 of the Income-tax Act defines “long-term capital asset” to mean a capital asset which is not a short-term capital asset. Clause (42A) of section 2 of …