Date of effect of amendments
This query is : Resolved
Shravan Ravi
(Querist)
17 February 2013
Dear sir/madam
The amendments made in the income tax act are from with effect from some date. Now say an amendment is w.e.f 01.04.12. Does it mean that it is in effect from assessment year starting from 01.04.12 or previous year starting from 01.04.12?
Thank you for your time
The amendments made in the income tax act are from with effect from some date. Now say an amendment is w.e.f 01.04.12. Does it mean that it is in effect from assessment year starting from 01.04.12 or previous year starting from 01.04.12?
Thank you for your time
CA PARAS BAFNA
(Expert)
17 February 2013
It is for the assessment year starting from 1-4-2012. AY 2012-13.
.
If the date is 1-6-2012... it is effective from the particular date of 1-6-2012.
.
.
If the date is 1-6-2012... it is effective from the particular date of 1-6-2012.
.
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