alleryStart learning →Amendments made by the Finance Bill generally apply from when?
AThe date of Presidential assent in any month
BThe following financial year beginning 1 April
CThe calendar year ending 31 December
DThe next assessment year after two years
Answer & Solution
Correct answer: B. The following financial year beginning 1 April
Unless a different date is specified, budget amendments take effect from 1 April of the next financial year.
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