Section 18 of Finance Act 2018 : Amendment of section 48 Income Tax Act

By | April 1, 2018
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(Last Updated On: April 14, 2018)

Section 18 of Finance Act 2018

[Section 18 of Finance Act 2018 deals with Amendment of section 48. and is covered in CHAPTER III DIRECT TAXES]

Amendment of section 48.

18. In section 48 of the Income-tax Act, after the second proviso, the following proviso shall be inserted, namely:—

Provided also that nothing contained in the first and second provisos shall apply to the capital gains arising from the transfer of a long-term capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust referred to in section 112A:”.


Finance Act 2018 : Assented by President : Download Print Notification

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