Amendment of section 2.

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..... he following sub-clauses shall be inserted with effect from the 1st day of April, 2024, namely: (xviic) any sum referred to in clause (xii) of sub-section (2) of section 56; ; (xviid) any sum referred to in clause (xiii) of sub-section (2) of section 56; ; (c) after clause (28C), the following clause shall be inserted, namely: (28CA) Joint Commissioner (Appeals) means a person .....

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..... old Receipt was held by the assessee prior to its conversion into gold. . - Clause 3 of the Bill seeks to amend section 2 of the Income-tax Act relating to definitions. It is proposed to amend clause (19B) of the said section to omit Additional Commissioner of Income-tax (Appeals) from the definition. This amendment will take effect from 1st April, 2023. Clause (24) of the said sec .....

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..... oint Commissioner of Income-tax (Appeals) or an Additional Commissioner of Income-tax (Appeals) under subsection (1) of section 117. This amendment will take effect from 1st April, 2023. Clause (42A) of the said section defines short-term capital asset and the Explanation 1 of the said clause provides for determining the period for which any capital asset is held by the assessee. It is .....

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