Section 43ca
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2013
Dear Members,
Please clarify the following issue :
As per the Finance Act 2013, Section 43CA would be inserted w.e.f 1.04.2014, and so would, section 56 will be amended.
Articles & Blogs of a no of tax practitioners are reading as 'these would be effective from 1.04.2013 for the asstt year 2014-15'
I am confused on this issue.
Please enlighten me with your reply.
Please clarify the following issue :
As per the Finance Act 2013, Section 43CA would be inserted w.e.f 1.04.2014, and so would, section 56 will be amended.
Articles & Blogs of a no of tax practitioners are reading as 'these would be effective from 1.04.2013 for the asstt year 2014-15'
I am confused on this issue.
Please enlighten me with your reply.
11 June 2013
43CA and substitution of section 56(2)(vii)(b) is from 1-4-2014 meaning thereby applicable from assessment year 2014-15 and onwards.
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