# The Finance Act, 2023, Section 62: Amendment of section 115VP - Act: The Finance Act, 2023 (Act 8 of 2023) - Ministry: Ministry of Finance - Source URL: https://indiacode.ecourtsindia.com/finance-act-2023/section/62/ ## Text Amendment of section 115VP. 62. In section 115VP of the Income-tax Act,β€” (i) | in sub-section (2), after the proviso, the following proviso shall be inserted, namely:β€” "Provided further that a Unit of an International Financial Services Centre which has availed of deduction under section 80LA may make an application within three months from the date on which such deduction ceases."; (ii) | after sub-section (5), the following Explanation shall be inserted, namely:β€” 'Explanation.β€”For the purposes of this section "International Financial Services Centre" shall have the same meaning as assigned to it in clause (q) of section 2 of the Special Economic Zones Act, 2005 (28 of 2005).' --- Published by eCourtsIndia together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957.