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<h1>Finance Bill 2023 amends Section 111A of Income-tax Act, omitting sub-section (3) due to prior Section 88 removal.</h1> Clause 48 of the Finance Bill, 2023, proposes an amendment to section 111A of the Income-tax Act, which concerns the taxation of short-term capital gains in specific cases. The amendment involves the omission of sub-section (3) of section 111A, a change necessitated by the previous removal of section 88. This amendment is scheduled to take effect on April 1, 2023.