Effective Dates of Unioun Budget 2009 Provisions

Effective dates of various provisions. Of BUDGET -09-10 .

After the union Budget 2009-10. Most of the visitors ask about effective dates of the amendments provisions. So here are the list effective dates of some of the provisions of union budget 2009……..more to be added soon……………….so keep in touch……………..and subscribe your email id………..for latest unpdates…..

INCOME TAX

1. 01-04-2009 – Advance Tax Limit Increased to 10000 from 5000.
2. Wealth Tax Limit Increased : The recommended amendment will apply for the value of net wealth as on 31st March, 2010 and will apply in relation to assessment year 2010-11.
3. 01.04.2011 – Amendment to Section 44AA – Maintenance of Accounts
4. 01.04.2011 – Amendment to Section 44AB – Audit of Accounts
5. 01.04.2011 – Section 44AD Substituted – Presumptive Income
6. 01.04.2011 – Amendment to Section 44AE – Income from goods Transport.
7. 01.10.2009 – Amendment to Section 50C – Value of Capital asset transferred
8. 01.10.2009 – Amendment to Section 56 – Transactions without consideration of more than Rs. 50,000/-
9. 01.04.2003 – Amendment to Section 80A – Deductions
10. 01.10.2009 – Amendment to Section 80G – Charitable Institutions
11. 01.04.2008 - Amendment to Section 80IA – Power Generation
12. 01.04.2000 – Section 80IB – Tax Holiday
13. 01.10.2009 – Section 90 Substituted – DTAA –
14. 01.10.2009 – Amendment to Section 92C – Transfer Pricing – Arm’s Length Price
15. 01.04.1998 – Amendment to Section 115JA – Deemed Income
16. 01.04.2001 – Amendment to Section 115JB
17. 01.10.2009 – Amendment to Section 131 – Discovery, Inspection etc – “Dispute Resolution Panel” included
18. 01.06.1994 – Amendment to Section 132 – Search and Seizure – Additional Commissioner Empowered
19. 01.10.2009 – Amendment to Section 139A – PAN – “Quarterly” removed
20. 01.04.1989 – Amendment to Section 147 – Reassessment – Scope enhanced
21. 01.10.2009 – Section 194C Substituted – TDS – Payment to Contractors
22. 01.10.2009 – Amendment to Section 194I – TDS – Rent
23. 01.10.2009 – Amendment to Section 200 – Quarterly Returns gone – Periodicity to be prescribed
24. 01.10.2009 – Amendment to Section 201 – TDS failure
25. 01.10.2009 – Amendment to Section 203A – Quarterly Statement is no more quarterly
26. 01.10.2009 – Amendment to Section 206A & 206C – Quarterly to unspecified period
27. 01.10.2009 – Amendment to Section 246A – Dispute Resolution Panel
28. 01.10.2009 – Amendment to Section 253 – Appeal to ITAT – Dispute Resolution Panel
29. 01.06.2007 - Amendment to Section 271 – Concealment of Income
30. 01.04.1988 – Amendment to Section 271B – Provisional Attachment
31. 01.10.2009 – Substitution of Section 282 – Service of Notice – Courier and Email recognized
32. 01.10.2010 – New Section 282B – Allotment of Document Identification Number
33. 01.10.2009 – New Section 293C – Power to Withdraw approval

COUSTOM

1. 01.07.2003 – Amendment to Section 130 – High Court’s Power to condone delay
2. 01.07.1999 – Amendment to Section 130A – High Court’s Power to condone dela

Central Excise

1. 01.07.2003 – Amendment to Section 35G – High Court’s Power to condone delay
2. 01.07.1999 – Amendment to Section 35H – High Court’s Power to condone delay

Service Tax

1. 16.05.2008 Acquiring instead of providing- amendment to clause zzzze – Information Technology
2. 01.01.2005 Exemption to services provided to GTAs

More to be added soon…………………………………..

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2. Highlights of Punjab Budget 2009-10, Budget Speech
3. Rajasthan Budget 2009-10 Highlights, Budget Speech
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