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Finance Act applicability

rajat (hhh) (29 Points)

02 December 2017

Finance Act 2017 applicable from which FY ?

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siddharth gupta (21 Points)
Replied 02 December 2017

FY 2017-18 and in Income Tax Act terms it is known as previous year. Corresponding to this previous year the assessment year shall be 2018-19.

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rajat (hhh) (29 Points)
Replied 02 December 2017

Thanks 👍

RAJA P M ("Do the Right Thing...!!!") (127417 Points)
Replied 02 December 2017

Yes... it's applicable from 1st April 2017. It's treat on FY 17-18 as AY 18-19...

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