What happens in the following situation
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Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Dear all,
Please tell me, if Companies Act came into existence at 1956 and income tax act came into existence at year 1961, whether no tax were levied to company between the years from 1956 to 1961?
Please tell me, if Companies Act came into existence at 1956 and income tax act came into existence at year 1961, whether no tax were levied to company between the years from 1956 to 1961?
21 September 2013
These were taxable according to provisions of previous acts
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21 September 2013
there was income tax 1922 before 1961.
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