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Effective date

Aitha RajyaLakshmi

Sir,

May I know the meaning of the words 'Effective from 1st April 2018 and will accordingly apply in relation to Assesment Year 2018-19 and subsequent Years' used in Finance Bill 2017.

Clarification Sought on Finance Bill 2017: Effective Date for Income Tax from April 2018 May Contain Error A query was raised regarding the phrase 'Effective from 1st April 2018 and will accordingly apply in relation to Assessment Year 2018-19 and subsequent Years' as used in the Finance Bill 2017. The question sought clarification on its meaning concerning income tax. The response indicated that there might be an error in the phrasing or understanding of the effective date as mentioned in the bill. (AI Summary)
Income Tax
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