About tax payment

Tax queries 992 views 7 replies
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IT
256 Points Joined January 2008

Hi,

Will the new tax system (like income tax exemption limit increased upto 1.5 lakhs,new restructure tax slabs, short term capital gain tax increased to 15%) recently announed by finance minister will be applicable for the current financial year ( FY2007-2008) or for the next financial year ( 2008-2009) ?  Please clarify on this issue.

 

Thanks

Josh

 

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On 13 March 2008 at 22:27 Report
Replies (7)
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CHARTERED ACCOUNTANT
20 Points Joined August 2007
Only applicable to A.Y.2009-2010
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On 13 March 2008 at 22:43
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CA
1580 Points Joined September 2007
It will be applicable for F.Y.2008-2009
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On 14 March 2008 at 09:29
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PRACTICING CA
42 Points Joined January 2008
applicable from FY 2008-09
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On 14 March 2008 at 09:40
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Guest
439655 Points Joined August 2012
The New rates are applicable from FY 2008-09
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On 14 March 2008 at 09:45
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CA Final
814 Points Joined January 2008
It is applicable for the Financial Year 2008-2009.
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On 14 March 2008 at 10:09
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DGM-F & A
1734 Points Joined November 2007
These are budget proposals.let it s pass it in parliament.then it will be effective in 2008-09
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On 14 March 2008 at 11:38
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IT
256 Points Joined January 2008
Thanks to all for replying the query !
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On 14 March 2008 at 12:13


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