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What is the need of income tax rules

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1359 Points Posted on 18 February 2022
what is the need of income tax rules , why this rules are not given in income tax Act ??
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On 18 February 2022 at 17:02 Report
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CFO- at NHTF
58280 Points Posted on 19 February 2022
Those rules are based on the latest live incidents.But the act can't change every day.

It will be included through finance act
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On 19 February 2022 at 08:28
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1359 Points Posted on 19 February 2022
What is the difference between Act and rules
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On 19 February 2022 at 11:42
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CFO- at NHTF
58280 Points Posted on 20 February 2022
Income Tax Act , 1961 is bare act , Rules , circulars and latest amendments are implemented through Finance Act
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On 20 February 2022 at 03:38
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77 Points Posted on 22 February 2022
Rules give clear idea about forms applicable, formulas, calculation and other procedural aspects
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On 22 February 2022 at 11:29


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