Rule-40F (of Income Tax Rules, 1962), Part VIIC not to apply after a certain date

Rule-40F (of Income Tax Rules, 1962), Part VIIC not to apply after a certain date

Income Tax

This is a REDUNDANT RULE. Fringe Benefit Tax is not applicable from AY 2010-11 & onwards.

Part VIIC not to apply after a certain date


Nothing contained in this Part, shall apply, in respect of any assessment for the assessment year commencing on the 1st day of April, 2010 or any subsequent assessment year.]

CONCEPTS