Finance Acts

Section - 53 - Amendment of section 158BE

Amendment of section 158BE.

53. In section 158BE of the Income-tax Act, with effect from the 1st day of September, 2024,-

(a)-in sub-section (1),-
(i)- for the word "month", the word "quarter" shall be substituted and shall be deemed to have been substituted;
(ii)- in the proviso, for the words "total income", the words "total undisclosed income" shall be substituted and shall be deemed to have been substituted;
(iii)- after the proviso, the following proviso shall be inserted and shall be deemed to have been inserted, namely:-
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