# The Finance Act, 2023, Section 51: Amendment of section 115A

- Act: The Finance Act, 2023 (Act 8 of 2023)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2023/section/51/

## Text

Amendment of section 115A. 51.  In section 115A of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2024,— (i) | in clause (a), in sub-clause (A), the following proviso shall be inserted, namely:— "Provided that the amount of income-tax calculated on the amount of income by way of dividend received from a unit in an International Financial Services Centre, as referred to in sub-section (1A) of section 80LA, shall be ten per cent;"; (ii) | in clause (b), in sub-clauses (A) and (B), for the word "ten", the word "twenty" shall be substituted.

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