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<h1>Amendment to Section 54EC of Income-tax Act: Clause 28 of Finance Bill 2023 modifies capital gains bond tax rules.</h1> Clause 28 of the Finance Bill, 2023, proposes an amendment to section 54EC of the Income-tax Act, which pertains to the non-taxation of capital gains on investments in specific bonds. The amendment involves omitting clause (a) of sub-section (3) of section 54EC, a change necessitated by the previous removal of section 88. This amendment is set to take effect from April 1, 2023.