Applicability of section 56(2)(vii)(b)

yes it should be taken as AY14-15 unless otherwise specifically said....

Hi Tushar,

Thanks for your response.

If we take the date to be Assessment year date then how would you explain the date for sec 194IA which has been mentioned in the Finance Act as 1-June-2013. Then the TDS section should have been applicable from June 2012 only. Why are we deducting TDS from June 2013 onwards?.

pls refer wat i wrote above......if they specifally mention date den dat ammendment is effectiv frm dat date....

Fine. Then how would you read the below mentioned date of 1st April 2013;

This an excerpt of Finance Act 2013.

What my contention is we have to read inserted and substituted seperately.