Amendment of section 115AD :
Section – 34. In section 115AD of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2019,—
| (a) | in clause (iii), the word “and” occurring at the end shall be omitted; | |
| (b) | after clause (iii), the following proviso shall be inserted, namely:— | |
| “Provided that in case of income arising from the transfer of a long-term capital asset referred to in section 112A, income-tax at the rate of ten per cent shall be calculated on such income exceeding one lakh rupees; and”. |