Clause 23 - Amendment of section 56. - Finance (No. 2) Bill, 2024

Amendment of section 56. 23. In section 56 of the Income-tax Act, in sub-section (2), in clause (viib), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely: Provided also that the provisions of this clause shall not apply on or after the 1st day of April, 2025. .