Effective dates of various provisions. Of BUDGET -09-10

CA. Amit Daga , Last updated: 13 July 2009
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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 Holiday
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