meaning of effective date

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..... meaning of effective date
Query (Issue) Started By: - kantipudi satyanarayana Dated:- 2-3-2020 Last Reply Date:- 8-3-2020 Income Tax
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Income Tax
Sir, What is the meaning o .....

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..... f an income tax amendment coming into force with effect from 1 st April 2020 i.e.fy 2020-2021 or ay 2020-2021 ? and an amendment coming into effect from 1.6.2020 Reply By DR.MARIAPPAN GOVINDARAJAN: .....

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..... The Reply: For the previous year 2020-21 (financial year) - assessment year 2021 - 22. Reply By DEV KUMAR KOTHARI: The Reply: dates are expressed in ddmmyyyy pattern Usually all amendments are spe .....

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..... cified to come into force from particular date , as per preamble or with specific amendment. So one should see them. W.E.F. 01042020 will generally mean {as mentioned in preamble of FA} applicable fr .....

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..... om assessment year beginning on 01042020 i.e. assessment year 2020-21 ( relevant to previous year to end on 31032020 or PY 2019-20). WEF 01st June or some other date are used for procedural provision .....

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..... s, These come into force from date so specified. So amendment wef 01062020 will apply from 01062020. W.E.F. 02042020 will mean applicable from assessment year beginning after 02042020 i.e. assessment .....

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..... year beginning on 01042021 - AY 2021-22 ( relevant to previous year to end on 31032021 or PY 2020-21). e.g. date 2nd April was used in relation of some amendments relating to depreciation.This seems .....

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..... a practice followed some times.
Discussion Forum - Knowledge Sharing .....

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