BareLaws
SUBSECTION

Section 54ED(1)(b)

From: The Income-tax Act, 1961

(b) if the cost of the specified equity shares is less than the capital gain arising from the transfer of the original asset, so much of the capita l gain as bears to the whole of the capital gain the same proportion as the cost of the specified equity shares acquired bears to the whole of the capital gain shall not be charged under section 45 . Explanation. -For the purposes of this sub -section, -