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Date of Applicability of Income Tax Rule

Tax queries 486 views 3 replies

Could any one please clarify...

What will be the date of applicability of Income Tax Rule which has introduced in between financial year.

Replies (3)

rules and laws ae applicable on the date.

---->when the presidebt gives assent on the applicable laws
---->when the concered notifications are published by the department...

earlier of the two (practically)

ALso prez dont give assent to rules ...thus they are generally met out of notifications and circulars.

Dear Sir,

The Notifiication itself states the date from which it is made effective.

In the absence of it, the date of issue is considered as the date of applicability.

Dear Bhutada,

Please specify which rule u r reffering to as each rule will have its own applicability date.

Regards

Kanti Jain


CCI Pro

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