We are Enclosing herein below copy of Finance(NO.2) Act, 2014 assented by Hon’ble President of India.
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Submitted by –Sumit Grover
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What will be the Assessment Year for the financial bill 2014 presented by Mr. Arun Jeitly on 10th July, 2014.
The above bill will be applicable to which Assessment year ??
In my opinion the Assessment year means the precedent Financial Year. The budget is effective from the financial year 2014-15, thus Assessment year will be 2015-16.
Thank u sir.
In my opinion the Assessment year means the suceeded Financial Year. The budget is effective from the financial year 2014-15, thus Assessment year will be 2015-16.
Indeed this website is the ultimate one in respect of providing updated informations on almost every aspects of the Indian Finance.
So, I would pray to the almighty for a long life of the team.
Main Road, karimganj,
No doubt I am enriched to get valued articles and case laws.I convey my beseech gratitude to Tax Guru for their volunteering their professional guide line without any expectations. But by their efforts thousands of professional like me who do not have such access to get informed on very update information on various fields.
I took the opportunity to again convey my heartiest thanks and I do hope that we will be guided regularly with such articles.
In this back drop I request to esteem professional of Tax Guru to high light how a company are procuring their input for manufacturing process through Rail way are deceiving the cenvat credit for peculiar situation to get only Copy of RR which should have to surrender before Railway Authority of destined Railway Siding to take delivery of material and having no other document other than photocopy of such RR,which as per prevailing law not valid document to take cenvat credit.
Awaiting your valued guide line.
Thanks & Regards.
Kolkata 700 019
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