Income tax amendment query
This query is : Resolved
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deepak singh
(Querist)
29 March 2023
Hello, if they say w.e.f. from 01-04-2023 in finance act for any provision, does it mean it will be applicable from a.y.2024-25 onwards or does it mean notice issued after 01-04-2023 even for earlier a.y. as well.
Dhirajlal Rambhia
(Expert)
29 March 2023
In general, it means applicable from FY 2023-24; or AY 2024-25; unless specified otherwise.
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deepak singh
(Querist)
30 March 2023
Thank you sir....it means after amendments notices can only be issued for a.y.2024-25 onwards and not for any a.y. before that....
Dhirajlal Rambhia
(Expert)
30 March 2023
The changes can be from prior date to, but it has to be specified.
Here the meaning is for term 'w.e.f. 01.04.2023.'
Here the meaning is for term 'w.e.f. 01.04.2023.'
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