https://www.taxtmi.com/article/detailed?id=117 Amendments enacted after the commencement of a relevant previous year do not apply to that previous year; they apply only to previous years that commence after the amendment becomes law. Taxpayers must know applicable law and rates before the previous year begins to compute income and meet obligations such as advance tax. Unless an amending statute expressly or by necessary implication provides otherwise, the presumption is that amendments govern only future previous years. en-us Mon, 21 Jul 2008 00:00:00 +0530 Sat, 01 Jan 2011 14:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=117 Amendments enacted after the commencement of a relevant previous year do not apply to that previous year; they apply only to previous years that commence after the amendment becomes law. Taxpayers must know applicable law and rates before the previous year begins to compute income and meet obligations such as advance tax. Unless an amending statute expressly or by necessary implication provides otherwise, the presumption is that amendments govern only future previous years. Articles Income Tax Mon, 21 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=117