# The Finance Act, 2024 (No. 2), Section 33: Amendment of section 115AB

- Act: The Finance Act, 2024 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/33/

## Text

Amendment of section 115AB. 33. In section 115AB of the Income-tax Act, in sub-section (1), in the long-line, for clause (ii), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 23rd day of July, 2024, namely:— "(ii) the amount of income-tax calculated on the income by way of long-term capital gains referred to in clause (b), if any, included in the total income,— (A) | at the rate of ten per cent for any transfer which takes place before the 23rd day of July, 2024; and (B) | at the rate of twelve and one-half per cent for any transfer which takes place on or after the 23rd day of July, 2024; and".

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