# The Finance Act, 2024 (No. 2), Section 6: Amendment of section 12A

- Act: The Finance Act, 2024 (No. 2)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2024-no-2/section/6/

## Text

Amendment of section 12A. 6. In section 12A of the Income-tax Act, in sub-section (1), in clause (ac) with effect from the 1st day of October, 2024,— (a) | in sub-clause (ii),— (i) | after the words, figures and letters "under section 12AB", the words, brackets, figures and letters "or approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10" shall be inserted; (ii) | after the words "the period of the said registration", the words "or approval, as the case may be," shall be inserted; (b) | in sub-clause (iii),— (i) | after the words, figures and letters "under section 12AB", the words, brackets, figures and letters "or provisionally approved under sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of clause (23C) of section 10" shall be inserted; (ii) | after the words "period of the provisional registration", the words "or provisional approval, as the case may be," shall be inserted; (c) | after sub-clause (vi), the following proviso shall be inserted, namely:— "Provided that where the application is filed beyond the time allowed in sub-clauses (i) to (vi), the Principal Commissioner or Commissioner may, if he considers that there is a reasonable cause for delay in filing the application, condone such delay and such application shall be deemed to have been filed within time;".

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