Section 44 ae
This query is : Resolved
Ravi Mittal
(Querist)
05 July 2015
AS PER BUDGET PRESENTED IN JULY 2014 sub-section (2) shall be substituted for the existing sub-section (2) of section 44AE by the Finance (No. 2) Act, 2014
For the purpose of sub-section (1), the profits and gains from each goods carriage shall be an amount equal to seven thousand five hundred rupees.
FROM WHICH F.Y IT WILL BE EFFECTIVE ?
1.F.Y 2014-15 (A.Y 2015-16)
OR
2.F.Y 2015-16 (A.Y 2016-17)
For the purpose of sub-section (1), the profits and gains from each goods carriage shall be an amount equal to seven thousand five hundred rupees.
FROM WHICH F.Y IT WILL BE EFFECTIVE ?
1.F.Y 2014-15 (A.Y 2015-16)
OR
2.F.Y 2015-16 (A.Y 2016-17)
Prakash Kochar
(Expert)
06 July 2015
Substituted provisions are applicable from AY 15-16.
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