Application of Income tax procedural provisions to commodities transaction tax extends assessment, inquiry and recovery mechanisms to CTT. Specified provisions of the Income tax Act shall, so far as may be, apply in relation to the Commodities Transaction Tax, thereby extending the Income tax ... Summary
Application of Income tax procedural provisions to commodities transaction tax extends assessment, inquiry and recovery mechanisms to CTT.
Specified provisions of the Income tax Act shall, so far as may be, apply in relation to the Commodities Transaction Tax, thereby extending the Income tax Act's assessment, inquiry, information gathering, notice, collection and recovery procedures and related compliance mechanisms to CTT administration.
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