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Section5
The Finance Act, 2024 (No. 2)

Amendment of section 11

In force As on 11 Oct 2026

Ministry Finance Enacted 16 Aug 2024 Cited by 1 provision

Section 5 of the Finance Act, 2024 (No. 2) deals with amendment of section 11. Amendment of section 11. 5. In section 11 of the Income-tax Act, in sub-section (7), with effect from the 1st day of April, 2025,— (a) | for the words, brackets, figures and letters "other than clause (1), clause (23C), clause (23EC), clause (46) and clause (46A) thereof", the words, brackets, figur The Act was enacted on 16 Aug 2024.

Amendment of section 11.

5. In section 11 of the Income-tax Act, in sub-section (7), with effect from the 1st day of April, 2025,—

(a)for the words, brackets, figures and letters "other than clause (1), clause (23C), clause (23EC), clause (46) and clause (46A) thereof", the words, brackets, figures and letters "other than clause (1), clause (23C), clause (23EA), clause (23EC), clause (23ED), clause (46), clause (46A) and clause (46B) thereof" shall be substituted;
(b)in the first proviso,—
(i)for the portion beginning with the words "is notified under" and ending with the word, brackets and figures "clause (46)", the words, brackets, figures and letters "is notified under clause (23EA) or clause (23EC) or clause (23ED) or clause (46)" shall be substituted;
(ii)after the words "whichever is later", the words, figures, letters and brackets ", or, the 1st day of April of the previous year relevant to the assessment year for which the exemption is claimed under clause (46B) of the said section" shall be inserted;
(c)in the second proviso,—
(i)after the words "notification under", the words, brackets, figures and letters "clause (23EA) or" shall be inserted;
(ii)after the words, brackets, figures and letters "clause (23EC) or", the words, brackets, figures and letters "clause (23ED) or" shall be inserted.
Section 5, 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

  1. s. 11 Amendment of section 28
  2. Income-tax Act s. 11 Income from property held for charitable or religious purposes

Referred to by 1

  1. s. 151 Amendment of section 5

Questions about Section 5

What does Section 5 of the Finance Act, 2024 (No. 2) deal with?

Section 5 of the Finance Act, 2024 (No. 2) is headed "Amendment of section 11". Amendment of section 11. 5. In section 11 of the Income-tax Act, in sub-section (7), with effect from the 1st day of April, 2025,— (a) | for the words, brackets, figures and letters "other than clause (1), clause (23C), clause (23EC), clause (46) and clause (46A) thereof", the words, brackets, figur

How do I find court cases under Section 5 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) 5, section 5 Finance Act, 2024 (No. 2), section 5 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 5 of the Finance Act, 2024 (No. 2), and has it changed?

Its own text turns on section 11 (Amendment of section 28), Income-tax Act 11 (Income from property held for charitable or religious purposes), so none of them can safely be read on its own. 1 other provision in this corpus refers back to it.

When was Section 5 of the Finance Act, 2024 (No. 2) enacted?

Section 5 of the Finance Act, 2024 (No. 2), cited as Finance Act, 2024 (No. 2) 5, was enacted on 16 Aug 2024. It is in force as at the date shown on this page.

Other sections of this Act

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.