From when will, any new taxes that may be announced in Indian Budget 2011, come into vogue?



Suppose that new taxes are proposed on a particular item (TV, for example) in Indian budget 2011. From when will these new taxes become applicable? Is it from the moment the budget is announced or is it from April 1st, 2011, as I have heard from somebody? With reference to our little example above, this information could be helpful for somebody who wants to buy a TV set before the new taxes become applicable.
Thanks in advance.

7 Replies to “From when will, any new taxes that may be announced in Indian Budget 2011, come into vogue?”


  1. The applicability of taxes is specified in budget itself. In many cases it is generally applicable wef 1st april. Service tax etc is applicable wef a future specified date. But in special category like perol, deisal etc rate are change wef 12 O’ clock in midnight the same budget day.


  2. According to me except the income tax all other will be effective from immeidate after the budget passed by the partliment ganesan hyderabad




  3. w.e.f. 01.01.2011 if teh budget is paased by both the floors of parliament and assented by the President of India before it.






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