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of <h1>Finance Bill 2024 Amends Section 12AB: New Timelines for Income Tax Registration Orders Effective October 1, 2024.</h1> Clause 7 of the Finance (No. 2) Bill, 2024, proposes an amendment to section 12AB of the Income-tax Act, altering the timeline for issuing orders related to fresh registration applications. The amendment specifies that orders under clause (a) must be issued within three months, under sub-clause (ii) of clause (b) within six months from the end of the quarter, and under clause (c) within one month from the end of the month in which the application was received. This change is set to take effect on October 1, 2024.
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