Date substitution in tax exemption provision shortens eligibility window and changes commencement and applicability of relief in income tax provision. The Finance Act, 2007, effective 1 April 2008, amends sub-section (2) of the relevant income-tax provision by substituting "1st day of April, 2012" with ... Summary
Date substitution in tax exemption provision shortens eligibility window and changes commencement and applicability of relief in income tax provision.
The Finance Act, 2007, effective 1 April 2008, amends sub-section (2) of the relevant income-tax provision by substituting "1st day of April, 2012" with "1st day of April, 2007" in clause (a)(i) and clause (b)(i), thereby modifying the temporal cut-off referenced in those sub-clauses while leaving their substantive terms intact.
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