Amendment of section 57
Section 24 of the Finance Act, 2024 (No. 2) deals with amendment of section 57. Amendment of section 57. 24. In section 57 of the Income-tax Act,— (a) | in clause (i), after the words "in the case of dividends,", the words, brackets, letter and figures "other than that referred in sub-clause (f) of clause (22) of section " shall be inserted with effect from the 1st day of Octob The Act was enacted on 16 Aug 2024.
Amendment of section 57.
24. In section 57 of the Income-tax Act,—
Section 24, The Finance Act, 2024 (No. 2).
(a) in clause (i), after the words "in the case of dividends,", the words, brackets, letter and figures "other than that referred in sub-clause (f) of clause (22) of section 2" shall be inserted with effect from the 1st day of October, 2024; (b) in clause (iia), before the Explanation, the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:— 'Provided that in a case where income-tax is computed under clause (ii) of sub-section (1A) of section 115BAC, the provisions of this clause shall have effect as if for the words "fifteen thousand rupees", the words "twenty-five thousand rupees" had been substituted;'. (c) after the proviso, the following proviso shall be inserted with effect from the 1st day of October, 2024, namely:— "Provided further that no deduction shall be allowed in case of dividend income of the nature referred to in sub-clause (f) of clause (22) of section 2.".
Cross-references
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Questions about Section 24
What does Section 24 of the Finance Act, 2024 (No. 2) deal with?
Section 24 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 57". Amendment of section 57. 24. In section 57 of the Income-tax Act,— (a) | in clause (i), after the words "in the case of dividends,", the words, brackets, letter and figures "other than that referred in sub-clause (f) of clause (22) of section " shall be inserted with effect from the 1st day of Octob
How do I find court cases under Section 24 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) 24, section 24 Finance Act, 2024 (No. 2), section 24 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 24 of the Finance Act, 2024 (No. 2), and has it changed?
Its own text turns on section 2 (Income-tax), section 57 (Amendment of section 194H), Income-tax Act 57 (Deductions), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.
When was Section 24 of the Finance Act, 2024 (No. 2) enacted?
Section 24 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 24, 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
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