direct tax code

POSTED BY Aseef ON February 10, 2012 1:11 pm COMMENTS (3)

Hello,
Got a doubt about direct tax code.
If the dtc comes to force,will it be applicable for this fy2011-2012?
Thanks

3 replies on this article “direct tax code”

  1. BanyanFA says:

    All Tax updates are applicable from 1 April of that year (unless otherwise stated). Hence to answer your question, if DTC is released before 1 April 2012 by the parliament, then it would most probably be in force by Financial year starting 1 April 2012. Can not comment as of now on any thing else as DTC has been delayed significantly.

    Fingers crossed. I am also eagerly looking forward for any updates on DTC.

    Regards
    BFA

  2. Dear Aseefth, no reason to worry. DTC ‘ll be implemented from a future date & it ‘ll be announced well in advance by the Finance Minister.

    Thanks

    Ashal

  3. All Tax codes are intended to be prospective.

    DTC was supposed to be effective from 2012-2013 but even that has been delayed as of now.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS

Join 1,60,000 email subscribers

FREE Video Lessons directly in your email daily

144 page PDF ebook with best articles from Jagoinvestor

Get future articles directly on your mailbox + updates


6 PART VIDEO COURSE

FREE 

 

 

You are subscribed for FREE Course now, Check your Email

CONGRATULATIONS