Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Finance Act 2016 Amends Income-tax Act: New Clause in Section 124 Defines Relevant Period for Actions Under Sections 132, 132A.</h1> Section 124 of the Income-tax Act has been amended by the Finance Act, 2016. The amendment introduces a new clause (c) in sub-section (3), effective from June 1, 2016. This clause specifies that when action is taken under section 132 or 132A, the relevant period is defined as one month after the individual is served with a notice under sub-section (1) of section 153A or sub-section (2) of section 153C, or upon the completion of the assessment, whichever occurs first.