Bare ActsFinance (No. 2) Act, 2024

Section 25

Amendment of section 80CCD.--

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

In section 80CCD of the Income-tax Act, in sub-section (2), the following proviso shall be inserted with effect from the 1st day of April, 2025, namely:-- 'Provided that where the total income of the assessee is chargeable to tax under sub-section (1A) of section 115BAC, the provisions of sub-section (2) shall have effect as if for the words "ten per cent." referred to in clause (b), the words "fourteen per cent." had been substituted.'.

Section 25 – Finance (No. 2) Act, 2024 | DailyLaw.ai