Amendment of Seventh Schedule updates tax law provisions per Eleventh Schedule, directing alteration of the Finance Act framework. Section 86 mandates that the Seventh Schedule to the Finance Act, 2001 be amended in the manner specified in the Eleventh Schedule, providing the ... Summary
Amendment of Seventh Schedule updates tax law provisions per Eleventh Schedule, directing alteration of the Finance Act framework.
Section 86 mandates that the Seventh Schedule to the Finance Act, 2001 be amended in the manner specified in the Eleventh Schedule, providing the statutory instruction and locus for altering the Seventh Schedule's operative provisions.
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