difference between i.tax act & rules
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2010
hello sir can u pleae let me know whats the difference between i.tax act & rules....
Guest
Guest
(Expert)
12 October 2010
Income Tax Act is an enactment passed by the Parliament whereas Rules are merely laid before the table of the house. The rules prescribes procedures and cannot go beyond the provisions of Act. Any provision inconsistent with the Act or imposing stricter regime than one prescribed in Act is ultra vires.
NITIN SHARMA
(Expert)
07 November 2010
EVERY ACT HAS BEEN PASSED BY PARLIAMENT WHICH PROVIDES THE LEGAL BOUNDRIES AND PROVISIONS WHILE THE RULS PROVIDE THE PROCEEDURE TO FOLLOW SUCH ACT.
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