Tom S Peter (Article) (148 Points)
25 February 2012
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 27 February 2012
transitional provisions may apply, subject to the notification date mentioned in budget. usually it get applied from 1st of april after budget, or as notified in the notification.
Tom S Peter
(Article)
(148 Points)
Replied 27 February 2012
Sir i didnt get u ....
Let the budget be presenting on 15th march,wil the hike be applicable for those who are buying diesel cars on 16th?
Rakshit
(practising)
(338 Points)
Replied 28 February 2012
In terms of Provisional Collection Act, 1931, increased excise duty is collected from the day when Budget is presented in the Parliament.
Advocate Raksh*t Verma
CAclubindia
