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incom tax

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(Querist)
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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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.
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CA. Rishabh Mittal

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CA. Rishabh Mittal (Expert)
29 November 2009 E.g. finance Act 2009 will be applicable for Financial year 2009-10
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
29 November 2009 A.Y 2010-11
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dinesh

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dinesh (Querist)
29 November 2009 thanks for ur valuable answers.
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