Retrospectively effect of explanation insert by amentments
This query is : Resolved
Guest
Guest
(Querist)
26 September 2011
plz tell me
"how we know that an explanation have retrospectively effect or not"
"how we know that an explanation have retrospectively effect or not"
CA Pushpendra Gaur
(Expert)
26 September 2011
when an explanation is having retrospective effect it is mentioned in the explanation itself i.e. it is effective from such old date
Message likes :
1 times
26 September 2011
An explanation / amendment which is "clarificatory in nature" will generally be retrospective ,unless a specific date is mentioned therein.
Message likes :
1 times
CA Pushpendra Gaur
(Expert)
29 September 2011
well mr. chackrapani i respect you, but i don't believe that explanation/ amendment should be applied retrospectivly as it will troubles a lot
CA Pushpendra Gaur
(Expert)
29 September 2011
clarificatory explanation is added as because of unavailability of that explanation, it was troubling the department.
the explanation is added to remove doubts for the further problems, not for old problems which may have been resolved in courts or elsewhere
the explanation is added to remove doubts for the further problems, not for old problems which may have been resolved in courts or elsewhere
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Additional trade name
- Equity Share Sale and Purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
