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TMI BlogFINANCE ACT (2), 2024 – AMENDMENTS TO INCOME TAX ACT, 1961 – EFFECTIVE DATESX X X X Extracts X X X X X X X X Extracts X X X X ..... FINANCE ACT (2), 2024 – AMENDMENTS TO INCOME TAX ACT, 1961 – EFFECTIVE DATES - By: - Mr. M. GOVINDARAJAN - Income Tax - Dated:- 4-10-2024 - The finance minister presented its first budget in the month February 2024 which is interim budget and second budget after the formation of new Government which is the main budget for the financial year 2024 25. The Finance Act (2), 2024 got the assent of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... President on 16.08.2024. Income Tax Act, 1961 has come across various amendments to its provisions. Various effective dates are given to various section. In this article the date of effect for each section amendment for the purpose of readers. Sl. No. Sections of Finance Act (2) of 2024 Amended section of Income Tax Act, 1961 Date of effect 1 3 2(22) 01.10.2024 2 2(42A) 23.07.2024 3 4 10(4D), ( 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5B ), 23(EE) 01.04.2025 4 10(23C) , (34A) 01.10.2024 5 10(50) 01.08.2024 6 5 11(7) 01.04.2025 7 6 12A 01.10.2024 8 7 12AB 01.10.2024 9 8 New section 12AC 01.04.2025 10 9 13 01.10.2024 11 10 16 new proviso 01.04.2025 12 11 28 - explanation 01.04.2025 13 12 36 01.04.2025 14 13 37 01.04.2025 15 14 40 01.04.2025 16 15 43D 01.04.2025 17 16 44B 01.04.2025 18 17 New section 44BBC 01.04.2025 19 18 46A - e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xplanation 01.10.2024 20 19 47 01.04.2025 21 20 48 23.07.2024 22 21 50AA 23.07.2024 23 Substitution of explanation 01.04.2026 24 22 55 01.04.2018 25 23 56 new proviso 01.04.2015 26 24 57(i) 01.10.2024 27 New proviso 01.04.2025 28 II proviso 01.10.2024 29 25 80CCD 01.04.2025 30 26 80G 01.04.2025 31 27 92CA 01.04.2025 32 28 94B 01.04.2025 33 34 29 111A 23.07.2024 35 30 112 23.07.2024 36 31 112A 23.0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7.2024 37 32 113 01.09.2024 38 33 115AB 23.07.2024 39 34 115AC 23.07.2024 40 35 115ACA 23.07.2024 41 36 115AD 23.07.2024 42 37 115BAC 01.04.2025 43 38 115E 23.07.2024 44 39 115QA 01.10.2024 45 40 132B 01.10.2024 46 41 139 01.10.2024 47 42 139AA 01.10.2024 48 43 144C 01.09.2024 49 44 148 AND 148A 01.09.2024 50 45 149 01.09.2024 51 46 151 01.09.2024 52 47 152 01.09.2024 53 48 153 01.09.2024 54 49 CH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... APTER XIV-B 01.09.2024 55 50 192 01.10.2024 56 51 193 01.10.2024 57 52 194 01.10.2024 58 53 194C 01.10.2024 59 54 194DA 01.10.2024 60 55 194F 01.10.2024 61 56 194G 01.10.2024 62 57 194H 01.10.2024 63 58 194IA 01.10.2024 64 59 194IB 01.10.2024 65 60 194M 01.10.2024 66 61 194O 01.10.2024 67 62 NEW 194T 01.04.2025 68 63 196B 23.07.2024 69 64 196C 23.07.2024 70 65 197 01.10.2024 71 66 198 01.04.2025 7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 67 200 01.04.2025 73 68 200A 01.04.2025 74 69 201 01.04.2025 75 70 206C 01.01.2025 76 71 230 01.10.2024 77 72 244A 01.10.2024 78 73 245 01.10.2024 79 74 245Q 01.10.2024 80 75 245R 01.10.2024 81 76 246A 01.09.2024 82 77 251 01.10.2024 83 78 253 01.10.2024 84 79 271FAA 01.10.2024 85 80 271GC 01.04.2025 85 81 271H 01.04.2025 87 82 273B 01.10.2024 88 83 275 01.10.2024 89 84 276B 01.10.2024 90 85 276 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CCC 01.09.2024 91 86 285 01.04.2025 92 87 I SCHEDULE 01.04.2025 - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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