Menu
What is the need of income tax rules
what is the need of income tax rules , why this rules are not given in income tax Act ??
Replies (4)
Those rules are based on the latest live incidents.But the act can't change every day.
It will be included through finance act
It will be included through finance act
What is the difference between Act and rules
Income Tax Act , 1961 is bare act , Rules , circulars and latest amendments are implemented through Finance Act
Rules give clear idea about forms applicable, formulas, calculation and other procedural aspects
Recent Threads
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
Related Threads
CAclubindia
