04 January 2013
in Finance Act 2012 specifies that some amended provisions will be applicable from 1.4.2013 e.g. section 80CCG section 68 section 80D section 80 TTA etc. however such prov. applicable in A/Y 13-14, why?
The provisions applicble from 1.4.2013 related with P/Y 13-14 i.e. A/Y 14-15, so why it applicable from A/Y 13-14?
Finance Act Basically mentions changes in taxes in current financial year wrt to Direct Taxes & also covers advance tax rates for coming financial year too.
It also mentions enactment of new law for the benefit of assessee in advance as per their regular practice.
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