Amendment of section 56
Section 23 of the Finance Act, 2024 (No. 2) deals with amendment of section 56. Amendment of section 56. 23. In section 56 of the Income-tax Act, in sub-section (2), in clause (viib), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:— "Provided also that the provisions of this clause shall not apply on or afte The Act was enacted on 16 Aug 2024.
Amendment of section 56.
23. In section 56 of the Income-tax Act, in sub-section (2), in clause (viib), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:—
"Provided also that the provisions of this clause shall not apply on or after the 1st day of April, 2025.".
Section 23, The Finance Act, 2024 (No. 2).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 23
What does Section 23 of the Finance Act, 2024 (No. 2) deal with?
Section 23 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 56". Amendment of section 56. 23. In section 56 of the Income-tax Act, in sub-section (2), in clause (viib), after the second proviso, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:— "Provided also that the provisions of this clause shall not apply on or afte
How do I find court cases under Section 23 of the Finance Act, 2024 (No. 2)?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act, 2024 (No. 2) 23, section 23 Finance Act, 2024 (No. 2), section 23 of the Finance Act, 2024 (No. 2). Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 23 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on section 56 (Amendment of section 194G), Income-tax Act 56 (Income from other sources), so none of them can safely be read on its own.
When was Section 23 of the Finance Act, 2024 (No. 2) enacted?
Section 23 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 23, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. -10716 words
- 2. Income-tax9063 words
- 49. Substitution of new Chapter for Chapter XIV-B4593 words
- Fourth Schedule. -1864 words
- 138. Insertion of section 74A1329 words
- 89. Definitions889 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. 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. This page is not a substitute for legal advice.