Good after noon sir
Sir do u know effective date of Section 43CA ?
Its 1.4.2014 but then why it is in this budget ?
Thanks in advance
My Dear Friend,
Its Applicable from 01/04/2013 Itself.
This section will create a problem for individuals buyers who had already booked their flats and waiting for completion of the construction so they can get the registration and possession.
The only way out right now is that get the registration of the flat on or before March 31, 2013.
Thanks sir ji,
But in some sites it is written as Section 43CA comes in effect from 1.4.2014.
Is there anywhere in budget the date is mentioned or not ?
Actually i have searched but not found.
Send me Link of Site Where it is Mentioned That Effective from 01/04/2014.
Here effective from 01/04/2013
Article by: KPMG Partner
Mr. K.R. Girish, Senior Partner (Tax), B S R & Co.