21 July 2009
Effective Dates of Unioun Budget 2009 Provisions Posted: 14 Jul 2009 07:45 PM PDT Effective dates of various provisions. Of BUDGET -09-10 .
After the union Budget 2009-10. Most of the visitors ask about effective dates of the amendments provisions. So here are the list effective dates of some of the provisions of union budget 2009........more to be added soon...................so keep in touch.................and subscribe your email id...........for latest unpdates.....
INCOME TAX
01-04-2009 - Advance Tax Limit Increased to 10000 from 5000. Wealth Tax Limit Increased : The recommended amendment will apply for the value of net wealth as on 31st March, 2010 and will apply in relation to assessment year 2010-11. 01.04.2011 - Amendment to Section 44AA – Maintenance of Accounts 01.04.2011 - Amendment to Section 44AB – Audit of Accounts 01.04.2011 - Section 44AD Substituted – Presumptive Income 01.04.2011 - Amendment to Section 44AE – Income from goods Transport. 01.10.2009 - Amendment to Section 50C – Value of Capital asset transferred 01.10.2009 - Amendment to Section 56 – Transactions without consideration of more than Rs. 50,000/- 01.04.2003 - Amendment to Section 80A – Deductions 01.10.2009 - Amendment to Section 80G – Charitable Institutions 01.04.2008 - Amendment to Section 80IA – Power Generation 01.04.2000 - Section 80IB – Tax Holiday 01.10.2009 - Section 90 Substituted – DTAA – 01.10.2009 - Amendment to Section 92C – Transfer Pricing – Arm's Length Price 01.04.1998 - Amendment to Section 115JA – Deemed Income 01.04.2001 - Amendment to Section 115JB 01.10.2009 - Amendment to Section 131 – Discovery, Inspection etc – “Dispute Resolution Panel” included 01.06.1994 - Amendment to Section 132 – Search and Seizure – Additional Commissioner Empowered 01.10.2009 - Amendment to Section 139A – PAN – “Quarterly” removed 01.04.1989 - Amendment to Section 147 – Reassessment – Scope enhanced 01.10.2009 - Section 194C Substituted – TDS – Payment to Contractors 01.10.2009 - Amendment to Section 194I – TDS – Rent 01.10.2009 - Amendment to Section 200 – Quarterly Returns gone – Periodicity to be prescribed 01.10.2009 - Amendment to Section 201 – TDS failure 01.10.2009 - Amendment to Section 203A – Quarterly Statement is no more quarterly 01.10.2009 - Amendment to Section 206A & 206C – Quarterly to unspecified period 01.10.2009 - Amendment to Section 246A – Dispute Resolution Panel 01.10.2009 - Amendment to Section 253 – Appeal to ITAT – Dispute Resolution Panel 01.06.2007 - Amendment to Section 271 – Concealment of Income 01.04.1988 - Amendment to Section 271B – Provisional Attachment 01.10.2009 - Substitution of Section 282 – Service of Notice – Courier and Email recognized 01.10.2010 - New Section 282B – Allotment of Document Identification Number 01.10.2009 - New Section 293C – Power to Withdraw approval
COUSTOM
01.07.2003 - Amendment to Section 130 – High Court's Power to condone delay 01.07.1999 - Amendment to Section 130A - High Court's Power to condone dela
Central Excise
01.07.2003 - Amendment to Section 35G – High Court's Power to condone delay 01.07.1999 - Amendment to Section 35H - High Court's Power to condone delay Service Tax
16.05.2008 Acquiring instead of providing- amendment to clause zzzze – Information Technology 01.01.2005 Exemption to services provided to GTAs
22 July 2009
The provision relating to Surcharge & Cess so far as these relate to TDS are effective from 01.04.09. How ever, SC & EC deducted should be deposited.
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