Any one please tell me the date from which the ammendment to Section 40 (in respect of payment of TDS upto the date of Filing return) is applicable ?
Is it retrospective from AY 10-11 ?
Please clarify..
6 Replies
Amir
(Learner)
(4016 Points)
Replied 18 March 2010
Dear Nilesh,
The amendment ws made by Finance Act 2008 w.r.e.f 1-4-2005
CA Nilesh Sodhani
(CA)
(411 Points)
Replied 18 March 2010
Sir,
I want to know the ammendment by Finance Bill, 2010 in 40(a)(ia).
Amir
(Learner)
(4016 Points)
Replied 18 March 2010
Dear Nilesh,
Bhai I think its from AY 2011-2012.......
CA Nilesh Sodhani
(CA)
(411 Points)
Replied 18 March 2010
Sir,
I am still confused..
Please look at the follwing link:
/experts/finance-bill-2010-tds-amendment-352480.asp
There it was written AY 10-11...
whether it was correct ?
CA Priya
(CS Final)
(1049 Points)
Replied 19 March 2010
Hey.....
This amendment is proposed to take effect retrospectively from 1st April, 2010 and will, accordingly, apply in relation to the assessment year 2010-11 and subsequent years
Muthu
(Assisstant Manager)
(54 Points)
Replied 19 March 2010
The bill never proposes for any effective date... Clarificatory amendments are generally retrospective in nature.
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