Online edition of India's National Newspaper
Monday, May 12, 2008
ePaper | Mobile/PDA Version
Google

Business
Nxg
 News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |



Business Printer Friendly Page   Send this Article to a Friend

Additional avenues for investments u/s 80C

In The Hindu dated March 3, 2008, on the amendments proposed in the Finance Bill, 2008, you have indicated that Post Office Time Deposits and deposits under Senior Citizens Savings Scheme could also count for Sec. 80C from assessment year (AY) 2009-10. But I remember reading a Press Note from the Government that it should be available even for AY 2008-09?

The reader is right that this amendment though proposed in the Finance Bill, 2008, should be applicable, since Sec. 1(2) of the Finance Bill applies from April 1, 2008, where no date on which effective date is mentioned for the amendment so that it should be applicable for AY 2008-09 itself on the Bill becoming law.

S. RAJARATNAM

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: ePaper | Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous | Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary | Updates: Breaking News |


News Update

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu