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Income tax rules & Income tax act

Others 3262 views 4 replies

Please inform me as to how Income tax rules and the income tax act is different?

When we have a Income tax act what is the purpose of having income tax rules?

Replies (4)

Hey Raj,IT Act is in 1961,Which Show That Depreciation To Be Charged on Fixed Assets & It Rules is In 1962, They Show U How To Charged Depreciation ,Wheather Opening or Closing & Finance Act Show Rate of Depreciation

Good one ankur, keep it up

really true

It is absolutely true


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