Amendment of section 11
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. |