Income Tax

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Bhavana Priya (Querist)
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15 April 2011 Hi Friends kindly give the suitable answer for the below 3 questions.

1.What is meaning of "Machinery Provision"?

2.What is meaning of "Charging Section"?

3.What is the difference between "machinery provision" and "charging section"?

Thank You

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Bhavana priya-CA Final

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 April 2011 A section in the Income Tax Act which imposes a charge of tax is referred to as a charging section. ex:- section 4.
Where as a section merely providing rules for working out the charge so imposed is referred to as a machinery section. ex:- section 145.

Bhavana Priya

Bhavana Priya (Querist)
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17 April 2011 Thank you very much Chackrapani sir.

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