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<h1>Income-tax Act's Section 46A amended: Shareholder consideration for share buy-back deemed nil from October 1, 2024.</h1> Section 46A of the Income-tax Act is amended to include a proviso effective from October 1, 2024. This proviso states that if a shareholder receives any consideration as described in sub-clause (f) of clause (22) of section 2 from a company for a buy-back of shares occurring on or after October 1, 2024, the value of the consideration received by the shareholder will be deemed to be nil for the purposes of this section.