TMI Blogmeaning of effective dateX X X X Extracts X X X X X X X X Extracts X X X X ..... meaning of effective date X X X X Extracts X X X X X X X X Extracts X X X X ..... 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: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a practice followed some times. X X X X Extracts X X X X X X X X Extracts X X X X
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