TaxTMI 
TaxTMI 
Dear Sir,
When it would be with effect of Section 43 CA & 56 of Income Tax act. In Budget says 1st April,2014 whether it is A.Y or F.Y
Regards,
Krishna.B
Section 43CA & 56 New Provision in Budget
13 Mar 2013 
1 Reply 
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Effective date of Sections 43CA and 56 confirmed as operative from April 2014 commencement.
The Budget amendments to Sections 43CA and 56 are declared effective from 1 April 2014; this was stated in response to a query seeking whether the Budget date referred to the assessment year or financial year. (AI Summary)
The Budget amendments to Sections 43CA and 56 are declared effective from 1 April 2014; this was stated in response to a query seeking whether the Budget date referred to the assessment year or financial year. (AI Summary)
