Commencement provisions treat specified sections as effective from the start of the financial year, applying tax measures accordingly. The Finance Bill, 2012, enacted as The Finance Act, 2012, provides that, save as otherwise provided, sections 2 to 112 are deemed to have come into force ... Summary
Commencement provisions treat specified sections as effective from the start of the financial year, applying tax measures accordingly.
The Finance Bill, 2012, enacted as The Finance Act, 2012, provides that, save as otherwise provided, sections 2 to 112 are deemed to have come into force at the commencement of the financial year, thereby making those operative provisions effective from the start of the year.
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