Finance budget applicability
This query is : Resolved
05 September 2014
I have a basic doubt. If a finance minister announces Budget IT tax rates in Mar 2014. Whether these rates are applicable for the income earned in 2013-14(2013-14) or income to be earned in 2014-15 (AY 2015-16)?
05 September 2014
Applicable for Income to be earned in FY 2014-15 i.e., AY 2015-16.
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