incom tax
This query is : Resolved
28 November 2009
AS finance act is usually passed in the month of feb.(specifing the rates) so in which year these rate will apply.
pls explain with example
pls explain with example
28 November 2009
Example:-
The Finance (No 2) Act,2009 is generally applicable for the financial year 2009-2010 unless specifically restrict in any sections to give effect to prospective or retrospective applications.
The Finance (No 2) Act,2009 is generally applicable for the financial year 2009-2010 unless specifically restrict in any sections to give effect to prospective or retrospective applications.
CA. Rishabh Mittal
(Expert)
29 November 2009
E.g. finance Act 2009 will be applicable for Financial year 2009-10
CA Ravi Sisodia
(Expert)
29 November 2009
A.Y 2010-11
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