Non taxation of specified withdrawals: individual assessees exempt from tax on qualifying withdrawals after the effective date. The Finance Act, 2025 amends the Income-tax Act by inserting a proviso that amounts withdrawn on or after the 29th August, 2024 shall not be charged to ... Summary
Non taxation of specified withdrawals: individual assessees exempt from tax on qualifying withdrawals after the effective date.
The Finance Act, 2025 amends the Income-tax Act by inserting a proviso that amounts withdrawn on or after the 29th August, 2024 shall not be charged to tax in the case of an assessee who is an individual, the insertion being deemed effective from that date.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.