Section 3: Section 61A of the Income Tax Act, 2000 is amended by -

(a) repealing and replacing paragraph (a) of subsection (1) with the following new paragraph– “(a) a statement of the capital gain of a person that is within the minimum chargeable income of Le 3,600,000.00 per annum or per transaction.” (b) inserting the following new paragraph in subsection (1) immediately after paragraph (f)- “(g) capital gains resulting from a transfer of ownership of the asset by a person to a religious, charitable, educational organization which uses the asset for the benefit of the public or a section of the public and does not confer any personal or commercial benefit”.