{"act":{"id":"finance-act-2024-no-2","short_title":"The Finance Act, 2024 (No. 2)","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 2024-2025.","act_number":null,"act_year":2024,"enact_date":"2024-08-16","enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":174,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/"},"unit":"section","section":{"number":"69","heading":"Amendment of section 201","text":"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.","html":"<p><b>Amendment of section 201.</b></p><p><b>69.</b> In section 201 of the Income-tax Act, in sub-section (3), with effect from the 1st day of April, 2025,—</p><div class=\"tablewrap\"><table class=\"dtable\"><tr><td>(<i>i</i>)</td><td></td><td>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;</td></tr><tr><td>(<i>ii</i>)</td><td></td><td>for the words \"under the proviso\", the words \"under the first proviso\" shall be substituted.</td></tr></table></div>","words":76,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/69/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}