Income act and rules

what is differrence between Income ACT and RULES?

Replies (4)
act is the primary body and rules are framed to support the act and interprete the same and it cannot go beyond the act. these must be raed along with in light of provisions of the act. With Reagards, Amit

Acts are legislative actions put in place by Legislatures of States and by the Lok Sabha in the Centre.

Rules are made by the executive Department of the Government, detailing the procedures to be followed in implementing the mandates of the State Legislatures and the Central Lok Sabha to carry out the wishes of the legislative bodies and Lok Sabha.

Acts can only be passed by State Legislatures and Lok/Rajya Sabhas. Rules go into details and are left to the Government Servants to frame and implement the mandates.

To cite an example: Income Tax Act coupled with the Finance Act of a year lays down the rates at which income taxes will be collected from citizens of the country. Rules are made to actually enforce the collection, and accounting for the collections.

Act has statutory validity and prevail over rules/regulations.

where as rules provide for the administrative convenience of the act. Rules should be inline with the act.

if there is any conflict between actand rules, act prevails

Originally posted by : !..SaNKeT..!

Acts are legislative actions put in place by Legislatures of States and by the Lok Sabha in the Centre.

Rules are made by the executive Department of the Government, detailing the procedures to be followed in implementing the mandates of the State Legislatures and the Central Lok Sabha to carry out the wishes of the legislative bodies and Lok Sabha.

Acts can only be passed by State Legislatures and Lok/Rajya Sabhas. Rules go into details and are left to the Government Servants to frame and implement the mandates.

To cite an example: Income Tax Act coupled with the Finance Act of a year lays down the rates at which income taxes will be collected from citizens of the country. Rules are made to actually enforce the collection, and accounting for the collections.
 

Nice explanation Sanket........
 

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