Ammendment to Section 40 - Applicable Date ??

Any one please tell me the date from which the ammendment to Section 40 (in respect of payment of TDS upto the date of Filing return) is applicable ?

Is it retrospective from AY 10-11 ?

Please clarify..

Replies (6)

Dear Nilesh,

The amendment ws made by Finance Act 2008 w.r.e.f 1-4-2005

Sir,

I want to know the ammendment by Finance Bill, 2010 in 40(a)(ia).

 

Dear Nilesh, Bhai I think its from AY 2011-2012.......

Sir,

I am still confused..

Please look at the follwing link:

/experts/finance-bill-2010-tds-amendment-352480.asp

There it was written AY 10-11...

whether it was correct ?

Hey.....

This amendment is proposed to take effect retrospectively from 1st April, 2010 and will, accordingly, apply in relation to the assessment year 2010-11 and subsequent years

The bill never proposes for any effective date... Clarificatory amendments are generally retrospective in nature.

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