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Provision wef

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audit assistant
37 Points Posted on 09 June 2020
when any amended or new provision is introduced and it's mentioned it is applicable wef for say1.4.2020, then it is talking about applicable from ay or fy.
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On 09 June 2020 at 23:07 Report
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2 Points Posted on 09 June 2020
Normally it's mentioned assessment, in absence of any clarification financial year
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On 09 June 2020 at 23:23
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audit assistant
37 Points Posted on 10 June 2020
Okay but will be applicable from that ay or for that ay
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On 10 June 2020 at 08:03
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AUDIT ASSISTANT
179 Points Posted on 10 June 2020
It means reference of A.Y. unless specifially provide for F.Y.
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On 10 June 2020 at 10:18
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16 Points Posted on 10 June 2020
Income tax Act always refers to A.Y.
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On 10 June 2020 at 16:05
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Student
1321 Points Posted on 10 June 2020
Each and every dates mentioned in finance act refers to assessment year unless otherwise specifically stated.
6 Reply
On 10 June 2020 at 16:13
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audit assistant
37 Points Posted on 10 June 2020
In the income tax it's always written wef and no where it is mentioned ay or fy.
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On 10 June 2020 at 16:33
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Student
1321 Points Posted on 10 June 2020
You should see the finance act
6 Reply
On 10 June 2020 at 20:21
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audit assistant
37 Points Posted on 10 June 2020
Okay thanks
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On 10 June 2020 at 20:26


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