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Income
Tax
Amendments
Applicable from 01.04.2017
Key amendment
01.04.2017inIncomeTaxActapplicablefromfrom(1) Limit for Cash Expenditure (both, capital and revenue
expenditure)
reduced to Rs 10k per
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What is applicable from 01?
Applicable from 01 refers to the form that needs to be filled out for tax purposes.
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Individuals or entities with taxable income are required to file applicable from 01.
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What is the purpose of applicable from 01?
The purpose of applicable from 01 is to report taxable income to the tax authorities.
What information must be reported on applicable from 01?
Information such as income, deductions, credits, and tax owed must be reported on applicable from 01.
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