Finance Act 2010 - Sec47(xiiib) inserted-Conversion of Small Pvt Companies &Unlisted public companies into LLPs 2b EXEMPT FROM CAPITALGAINTAX subjct to FULFILLMENT OF CERTAIN CONDITIONS..

CAPITAL GAIN

only 1 bt Biggest&Very imp Amendmnt(for May2011 exam)

i.e.Sec47(xiiib) inserted-Conversion of Small Pvt Companies &Unlisted public companies into LLPs 2b EXEMPT FROM CAPITALGAINTAX subjct to FULFILLMENT OF CERTAIN CONDITIONS.

Related amendmnt in Sec.47A(4),72A,115JAA,32(1),43(6),49(1),49(2AAA),43(1)&35DDA