Clause 69 - Amendment of section 201. - Finance (No. 2) Bill, 2024

Amendment of section 201. 69. In section 201 of the Income-tax Act, in sub-section (3), with effect from the 1st day of April, 2025, (i) for the words a person resident in India, at any time after the expiry of seven years , the words any person, at any time after the expiry of six years shall be substituted; (ii) for the words under the proviso , the words under the first proviso shall be substituted.