CA. JAIN (Chartered Accountant) (466 Points)
16 March 2012hi friends,
read the chapter-2 of finance bill 2012, very big mistake under this...
first line of it saying ..tax rates for a.y starting on 1april,2012..hws it possible..
i think this bill is for f.y2012-13 and a.y 2013-14...an our fm is again giving budget for a.y2012-13
great,
plzz check and correct me if i m wrng,,,
but if i m right..thn its very big mistake...by ministry of finance
Thanks,
Ninad Pandit
(CA Final Student)
(254 Points)
Replied 16 March 2012
Dear jain Sir,
you are right. there is a typing mistke in chp-2 of the finance bill, 2012. It should have been financial year and not assessement year.
CA Sumit Kumar
(Asst Manager (LBG Inc))
(24 Points)
Replied 16 March 2012
Typo mistake...should be rectified before approval of president
CA. JAIN
(Chartered Accountant)
(466 Points)
Replied 16 March 2012
hi,,
friends its not typing mistake...if u read full chapter-ii, thn u will see that adjustment in agrcultural income is given after considering 1.80 lakhs(in place of 2 lakhs)..so i think whole the chapter is wrng..hows is possible...
if they cannot make proper bill, thn what will happened....
Thanks,
CAclubindia
