Amendment of section 56.

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....Explanation, in clause (aa), after the words and figures ''Securities and Exchange Board of India Act, 1992 (15 of 1992.) or regulated under the'', the words, brackets and figures ''International Financial Services Centre Authority (Fund Management) Regulations, 2022 made under the'' shall be inserted; (b) after clause (xi), with effect from the 1st day of ....

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.... at any time prior to the date of such distribution, which is,- (a) not in the nature of income referred to in clause (23FC) or clause (23FCA) of section 10; and (b) not chargeable to tax under sub-section (2) of section 115UA; B=amount at which such unit was issued by the business trust; and C=amount charged to tax under this clause in any earlier previous year....