Section 24 - Amendment of section 57. - Finance (No. 2) Act, 2024

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 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. .