I want to know that "Is new Direct tax code will be applicable from May 2011 attempt ?"
Is New DT code will be applicable for May 2011 attempt
Nitin (Jr. ACCOUNTS OFFICER) (147 Points)
28 September 2009
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 28 September 2009
No. Even if it is passed by parliament, it shall be applicable from April 2011. So not applicable to May 2011, as six months prior condition shall not be complied in this case.