explane the term
This query is : Resolved
01 November 2010
what is a difference between a notification and circular?
02 November 2010
Notification is binding on all i.e. on assessee, department.
Whereas circular is binding only on department not on assessee.
Whereas circular is binding only on department not on assessee.
08 November 2010
Any amendment or change to the Act or Rules is made by Notification and is legally binding on all. Whereas circular many times is explainatory in nature and issued by Dept for clarification or for implementation of provisions in the Act/Rules/Notifications. Circular, if contains requirements, beyond provisions of Act/Rules, then not binding on Assessee.
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