SECTION 115BBE APPLICABILITY ON SURVEY ON SEPTEMBER 2016

This query is : Resolved 

29 October 2019 Surrender of income was made in SEPTEMBER, 2016 surrendering the business assets includes Purchases, Debtors, Machinery, Fixed Assets and Cash. Can amended Section 115BBE w.e.f. 15th December,2016 be applied on this case @77.25% or the old rate would be applicable as it is with effect from 1st April,2017. Please also clarify weather surrendering of Business Income Cover u/s 68 or 69. THANKS IN ADVANCE.

04 June 2020 https://taxguru.in/income-tax/scope-section-115bbe-applicability-survey-133a.html


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