26 July 2008
Please let me know whether newly inserted Sub section (1A) is applicable for Financial year 2007-08 i.e ., AY 2008-09 or FY 2008-09 and AY 2009-10 as it is said that it is effective 1-4-2008. It is not spelt clearly that whetehr it is FY or AY. This kind of confusion arises in my mind always as to the applicable FY and AY.
CAclubindia
