45 days rule applicability

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student
127 Points Posted on 01 March 2024

Some are saying it is effective from 1.4.24 and some are saying people have to start following this rule during    FY23-24. who is correct?

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On 01 March 2024 at 16:36 Report
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This discussion clarifies the effective date of the 45-day rule. Participants debate whether it applies from April 1st, 2024, or retroactively during the 2023-24 financial year. The consensus leans towards the rule being effective from April 1st, 2024, aligning with the Assessment Year 2024-25.

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Chartered Accountant
86505 Points Posted on 01 March 2024
It is applicable from AY 24-25 i.e from 1.4.2023
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On 01 March 2024 at 17:07
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"Do the Right Thing...!!!"
128157 Points Posted on 02 March 2024
Yes I agreed with CA Rashmi Gandhi...

@ DHRUV,

it is effective from 1.4.24...??!
-->> Yes, It's effective from 01.04.2024 as AY...

this rule during FY23-24...??
-->> Yes, As FY.
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On 02 March 2024 at 03:43

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