What is difference between income tax act and income tax rules?
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Diff between it act and it rules
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In most simple words,
Name of Game eg. Chess is an ACT
How to play this game is called Rules.
Similarly Income Tax Act is a name and rules prescribes its procedures.
Act is passed by Parliament whereas Rules are made by Board (here CBDT).
Please note that Act is a wider term and any Rules can not go beyond the powers given in Act.
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