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<h1>Income-tax Act Section 35D Amendment: New Statement Submission Requirement for Specified Expenditure, Effective April 2024</h1> Section 35D of the Income-tax Act is amended by the Finance Act, 2023. In sub-section (2), clause (a), the existing proviso is replaced. Effective April 1, 2024, the new proviso requires the assessee to submit a statement detailing the specified expenditure to the designated income-tax authority. This submission must be made within a prescribed period and in a prescribed form and manner.