Omission of Twelfth Schedule removes that schedule from the Income tax Act, effective from the stated operative date. Omission of the Twelfth Schedule from the Income-tax Act removes that schedule from the statute as a matter of legislative amendment; the Finance Act, ... Summary
Omission of Twelfth Schedule removes that schedule from the Income tax Act, effective from the stated operative date.
Omission of the Twelfth Schedule from the Income-tax Act removes that schedule from the statute as a matter of legislative amendment; the Finance Act, 1986 enacts the deletion and specifies the operative date, extinguishing the schedule's statutory effect from that date.
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