Is Sec 44AF still applicable?
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 07 June 2010
Sec. 44 AF WILL become INOPERATIVE for A.Y. beginning on or after 1-4-2011. it will be merged with new amended sec. 44 AD
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 07 June 2010
Yes Mr. Mohit is right. This ammendment came with Finance Act, 2009.
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