# The Finance Act, 2009, Section 24: Amendment of section 50B

- Act: The Finance Act, 2009
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2009/section/24/

## Text

Amendment of section 50B. 24. In section 50B of the Income-tax Act, in Explanation 2 with effect from the 1st day of April, 2010,— (i ) in clause (a),  the word "and" occurring at the end shall be omitted; (ii ) for clause (b), the following clauses shall be substituted, namely:— "(b) in the case of capital assets in respect of which the whole of the expenditure has been allowed or is allowable as a deduction under section 35AD, nil; and (c) in the case of other assets, the book value of such assets.". © Copyright. Taxmann Publications Pvt. Ltd.

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