Amendment status not verified — confirm the current text below against the official source.
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.".