Amendment of section 2.

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....all be inserted with effect from the 1st day of April, 2024, namely:-- "(xviic) any sum referred to in clause (xii) of sub-section (2) of section 56;"; "(xviid) any sum referred to in clause (xiii) of sub-section (2) of section 56;"; (c) after clause (28C), the following clause shall be inserted, namely:-- '(28CA) "Joint Commissioner (Appeals)" means a person appointed to be a Joint Commis....

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....e prior to its conversion into gold.". - Clause 3 of the Bill seeks to amend section 2 of the Income-tax Act relating to definitions. It is proposed to amend clause (19B) of the said section to omit "Additional Commissioner of Income-tax (Appeals)" from the definition. This amendment will take effect from 1st April, 2023. Clause (24) of the said section provides definition of income for the ....

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....itional Commissioner of Income-tax (Appeals) under subsection (1) of section 117. This amendment will take effect from 1st April, 2023. Clause (42A) of the said section defines "short-term capital asset" and the Explanation 1 of the said clause provides for determining the period for which any capital asset is held by the assessee. It is proposed to insert a new sub-clause (hi) in clause (i) to....