What is the Retrospective Effect?

RETROSPECTIVE EFFECT MEANS TAKING EFFECT FROM THE DATE IN THE PAST.

EG:

IF YOUR SALARY IS BEING INCREASED BY Rs.5000 P.M. WITH RETROSPECTIVE EFFECT, IT WOULD  HAVE EFFECT FROM THE DAY U HAD JOINED UR JOB.

Agree With Reena

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Retrospective effect means that taking effect of any change from from past date.

Take an example : Suppose We charge Depreciation on SLM and we are in such practice from 2 years.

Now we change to WDV method.If the change is to be retrospective, then the entire depreciation charged during past 2 years will be adjusted according to WDV by adjusting the same in current year.

I have a question that if the person is earning about 20000rs pm and after retrospective effect his salary increased to 25000rs pm and he worked for 10 months so the company will pay him 50000rs ?