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<h1>Income-tax Act Section 201 amendment reduces action period from seven to six years, effective April 1, 2025.</h1> Section 201 of the Income-tax Act is amended to change the time frame for certain actions. Effective April 1, 2025, the period after which actions can be taken is reduced from seven years to six years for any person, not just residents of India. Additionally, the wording is updated from 'under the proviso' to 'under the first proviso.' These changes are part of the Finance (No. 2) Act, 2024, concerning direct taxes.