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Section 43 ca

This query is : Resolved 
 

(Querist)
07 March 2013

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


CA AYUSH AGRAWAL (Expert)
07 March 2013

My Dear Friend,

Good Afternoon....

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.

CA Mehta Ankur N. (Querist)
07 March 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.

CA AYUSH AGRAWAL (Expert)
07 March 2013

Send me Link of Site Where it is Mentioned That Effective from 01/04/2014.

CA SANDIP PATEL (Expert)
07 March 2013

http://www.indiantaxupdates.com/2013/03/01/section-43ca-in-paralled-with-section-50c-for-immovable-property-held-as-stock-in-tade/

CA AYUSH AGRAWAL (Expert)
07 March 2013

http://www.taxsutra.com/experts/column?sid=96


Here effective from 01/04/2013

CA AYUSH AGRAWAL (Expert)
07 March 2013

Article by: KPMG Partner

Mr. K.R. Girish, Senior Partner (Tax), B S R & Co.



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