About tax payment

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IT
112 Points Posted on 13 March 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
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CHARTERED ACCOUNTANT
32 Points Posted on 13 March 2008
Only applicable to A.Y.2009-2010
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On 13 March 2008 at 22:43
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CA
2411 Points Posted on 14 March 2008
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
40 Points Posted on 14 March 2008
applicable from FY 2008-09
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On 14 March 2008 at 09:40
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Guest

Posted on 14 March 2008
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
658 Points Posted on 14 March 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
1654 Points Posted on 14 March 2008
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
112 Points Posted on 14 March 2008
Thanks to all for replying the query !
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On 14 March 2008 at 12:13

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