Please inform me as to how Income tax rules and the income tax act is different?
When we have a Income tax act what is the purpose of having income tax rules?
Menu
Income tax rules & Income tax act
Replies (4)
Hey Raj,IT Act is in 1961,Which Show That Depreciation To Be Charged on Fixed Assets & It Rules is In 1962, They Show U How To Charged Depreciation ,Wheather Opening or Closing & Finance Act Show Rate of Depreciation
really true
It is absolutely true
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
