Very Very Important

This amendment will take effect from 1st April, 2009 and will accordingly apply in relation to assessment year 2009-10 and subsequent assessment years..

thats mean this amendment will not be applicable for previous year 2008-2009

ofcourse it is applicable for previous year 08-09 ( assessment year 09-10)

Dear Friends,

Rajeev is absolutely correct

as u r talking about Sec.40A(3), ie Rs. 35000 or 20000 above such amount if any cash payment is made then such amount will not be deducted, then such payment is disallowed in the AY 2009-2010, but when such payment is to be made for such disallowance ? it must be in the previous year 2008-2009

Thanks

Debashis

from 01/04/08 to 31/03/09 ie PY 08-09 n AY 09-10