New limit of income Tax
This query is : Resolved
07 July 2009
Sir,
New limit of income Tax or new slab as per according new budget 09 applicable for which Financial Year
New limit of income Tax or new slab as per according new budget 09 applicable for which Financial Year
07 July 2009
FY 09-10 and AY 10-11
07 July 2009
Agree with Devanshi
16 July 2009
The amendment in the budget generally apply for the assessment year, thus are applicable to a FY which is relates to that AY unless otherwise stated. In this case since the amendment takes effect from 01.04.2010, this mean it is applicable to AY 2010-11 for which the FY is 2009-10. For this reason I agree with Devanshi and suresh.
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