Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Amendment to Income-tax Act: Section 296 Updated for Parliamentary Oversight on Rules Under Sections 153A and 153C.</h1> Clause 108 of the Finance Bill, 2012 proposes an amendment to section 296 of the Income-tax Act. The amendment involves the inclusion of references to the third proviso to sub-section (1) of section 153A and the second proviso to sub-section (1) of section 153C, which will require rules made by the Central Government under these provisions to be laid before Parliament. This change is set to take effect from July 1, 2012, ensuring that certain tax-related rules and notifications are subject to parliamentary oversight.