115a ammendment

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Hi,

 

 

I have a doubt regarding the applicablility of the ammended Section 115A of the Income Tax act.ie from 25% to 10%.. Is it applicable from the 1st april 2015 or is it applicable from the 1st apr of 2016. The words in the Budget and other platforms are not understandable for me!

 

 

Kindly help

urgent!

Replies (1)

It is from AY 16-17 which means from 1/4/15

https://www.incometaxindia.gov.in/charts%20%20tables/tax%20rates%20as%20per%20it%20act%20vis-a-vis%20tax%20treaties.htm

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