Amendment of section 50AA.

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..... to have been substituted with effect from the 23rd day of July, 2024, namely:-- "Notwithstanding anything contained in clause (42A) of section 2 or section 48, where the capital asset-- (a) is a unit of a Specified Mutual Fund acquired on or after the 1st day of April, 2023 or a Market Linked Debenture; or (b) is an unlisted bond or an unlisted debenture which is transferred or redeemed or m .....

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..... market instruments; or (b) a fund which invests sixty-five per cent. or more of its total proceeds in units of a fund referred to in sub-clause (a): Provided that the percentage of investment in debt and money market instruments or in units of a fund, as the case may be, in respect of the Specified Mutual Fund, shall be computed with reference to the annual average of the daily closing figures .....

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