Effective dates of various provisions.
Of BUDGET -09-10.
In the Income
Tax side, most of the provisions of the Finance Bill will come into force with effect
from 01.04.2010; here is a list of some important provisions and their effective
dates.
|
INCOME TAX |
||
|
Sl. No. |
With effect from |
Subject |
|
1. |
01.04.2011 |
Amendment
to Section 44AA - Maintenance of Accounts |
|
2. |
01.04.2011 |
Amendment
to Section 44AB - Audit of Accounts |
|
3. |
01.04.2011 |
Section 44AD
Substituted - Presumptive Income |
|
4. |
01.04.2011 |
Amendment
to Section 44AE - Income from goods Transport. |
|
5. |
01.10.2009 |
Amendment
to Section 50C - Value of Capital asset transferred |
|
6. |
01.10.2009 |
Amendment
to Section 56 - Transactions without consideration of more than Rs. 50,000/- |
|
7. |
01.04.2003 |
Amendment
to Section 80A - Deductions |
|
8. |
01.10.2009 |
Amendment
to Section 80G - Charitable Institutions |
|
9. |
01.04.2008 |
Amendment
to Section 80IA - Power Generation |
|
10. |
01.04.2000 |
Section 80IB
Tax |
|
11. |
01.10.2009 |
Section 90
Substituted - DTAA - |
|
12. |
01.10.2009 |
Amendment
to Section 92C - Transfer Pricing - Arm's Length Price |
|
13. |
01.04.1998 |
Amendment
to Section 115JA - Deemed Income |
|
14. |
01.04.2001 |
Amendment
to Section 115JB |
|
15. |
01.10.2009 |
Amendment
to Section 131 - Discovery, Inspection etc - Dispute Resolution Panel
included |
|
16. |
01.06.1994 |
Amendment
to Section 132 - Search and Seizure - Additional Commissioner Empowered |
|
17. |
01.10.2009 |
Amendment
to Section 139A - PAN - Quarterly removed |
|
18. |
01.04.1989 |
Amendment
to Section 147 - Reassessment - Scope enhanced |
|
19. |
01.10.2009 |
Section 194C
Substituted - TDS - Payment to Contractors |
|
20. |
01.10.2009 |
Amendment
to Section 194I - TDS - Rent |
|
21. |
01.10.2009 |
Amendment
to Section 200 - Quarterly Returns gone - Periodicity to be prescribed |
|
22. |
01.10.2009 |
Amendment
to Section 201 - TDS failure |
|
23. |
01.10.2009 |
Amendment
to Section 203A - Quarterly Statement is no more quarterly |
|
24. |
01.10.2009 |
Amendment
to Section 206A & 206C - Quarterly to unspecified period |
|
25. |
01.10.2009 |
Amendment
to Section 246A - Dispute Resolution Panel |
|
26. |
01.10.2009 |
Amendment
to Section 253 - Appeal to ITAT - Dispute Resolution Panel |
|
27. |
01.06.2007 |
Amendment
to Section 271 - Concealment of Income |
|
28. |
01.04.1988 |
Amendment
to Section 271B - Provisional Attachment |
|
29. |
01.10.2009 |
Substitution
of Section 282 - Service of Notice - Courier and Email recognized |
|
30. |
01.10.2010 |
New Section
282B - Allotment of Document Identification Number |
|
31. |
01.10.2009 |
New Section
293C - Power to Withdraw approval |
CUSTOMS
|
Sl. No.
|
With effect from
|
Subject
|
|
1. |
01.07.2003 |
Amendment
to Section 130 - High Court's Power to condone delay |
|
2. |
01.07.1999 |
Amendment
to Section 130A - High Court's Power to condone delay |
Central Excise
|
Sl. No. |
With effect from |
Subject |
|
1. |
01.07.2003 |
Amendment
to Section 35G - High Court's Power to condone delay |
|
2. |
01.07.1999 |
Amendment
to Section 35H - High Court's Power to condone delay |
Service Tax
|
Sl. No. |
With effect from |
Subject |
|
1. |
A date to
be notified |
The Intaxication
beer effect - amendment to Section 65(19) |
|
2. |
16.05.2008 |
Acquiring
instead of providing- amendment
to clause zzzze - Information Technology |
|
3. |
A date to
be notified |
New services |
|
4 |
01.01.2005 |
Exemption
to services provided to GTAs |
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