Amendment status not verified — confirm the current text below against the official source.
In section 48 of the Income-tax Act, in the second proviso, after the words "where long-term capital gain arises from the transfer", the brackets, words, figures and letters "(which takes place before the 23rd day of July, 2024)" shall be inserted and shall be deemed to have been inserted with effect from the 23rd day of July, 2024.