Section 24: After section 50A of the Income-tax Act, the following section shall be inserted with effect from the 1st day ofApril, 2024, namely:

Q: What does Section 24 of The Finance Act, 2023 (FA 2023) deal with?

Section 24 FA 2023 pertains to "After section 50A of the Income-tax Act, the following section shall be inserted with effect from the 1st day ofApril, 2024, namely:". It is part of the The Finance Act, 2023, a legislation enacted by the Parliament of India. Section 24 of The Finance Act, 2023 (FA 2023) governs after section 50A of the Income-tax Act, the following section shall be inserted with effect from the 1st day ofApril, 2024, namely:. As verified on 19 May 2026.

Q: Is Section 24 FA 2023 still in force?

Yes, Section 24 of the The Finance Act, 2023 is currently in force across the Republic of India.

Q: What is धारा 24 FA 2023?

धारा 24 FA 2023 is the Devanagari Hindi reference for Section 24 of the The Finance Act, 2023. Section 24 of The Finance Act, 2023 (FA 2023) governs after section 50A of the Income-tax Act, the following section shall be inserted with effect from the 1st day ofApril, 2024, namely:. As verified on 19 May 2026.

Q: What is Dhara 24 FA 2023?

Dhara 24 FA 2023 is the Roman Hindi reference for Section 24 of the The Finance Act, 2023. "Dhara" means "Section" in Hindi. Section 24 of The Finance Act, 2023 (FA 2023) governs after section 50A of the Income-tax Act, the following section shall be inserted with effect from the 1st day ofApril, 2024, namely:. As verified on 19 May 2026.

Q: How to cite Section 24 of The Finance Act, 2023?

Cite as: "Section 24, The Finance Act, 2023 (FA 2023)" in legal briefs. For academic writing, use the BlueBook format: The Finance Act, 2023, 2023, § 24 (India).

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'50AA. Notwithstanding anything contained in clause (42A) of section 2 or section 48, where the capital asset is a unit of a Specified Mutual Fund acquired on or after the 1st day of April, 2023 or a Market Linked Debenture, the full value of consideration received or accruing as a result of the transfer or redemption or maturity of such debenture or unit as reduced by—