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Section 40b

This query is : Resolved 
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(Querist)
18 December 2009 i want to know that applicability of book profit u/s 40b

which is up to 300000/- 90% or 50000
over 300000/- 60%

applicable from 01.04.2009 or 01.04.2010
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Lalit

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Lalit (Expert)
18 December 2009 It is applicable from A.Y.2010-11 i.e. for the F.Y.2009-10
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Sarveshwar Lahoty

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Sarveshwar Lahoty (Expert)
20 December 2009 I Agree with Mr. Lalit. It is applicable from 01.04.2009 and onwards
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