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<h1>Tax Exemption for Individual Assessees: New Proviso to Section 80CCA(2) Creates Relief for Post-August 29 Withdrawals</h1> The amendment to section 80CCA(2) of the Income-tax Act inserts a new proviso effective from August 29, 2024. This provision establishes that amounts withdrawn on or after this date, which are referred to in clause (a) of the subsection, will not be subject to taxation for individual assessees. This creates a tax exemption specifically targeting individual taxpayers for certain withdrawals made after the specified date.