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.
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
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
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.