Delegated rulemaking: Bill empowers government and tax board to prescribe computation, valuation, and procedural rules for tax administration. The Bill grants the Central Government and the Board routine delegated authority to make rules and notifications to implement substantive Income-tax and indirect tax amendments, including methods for computing values and taxes (salary components, amortisation claims, taxable receipts, written down value adjustments, depreciation claims, net winnings and withholding on online gaming), procedures for search and seizure approvals and fair market valuation, rules for refund interest computation, and consent-based information sharing via a common portal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Delegated rulemaking: Bill empowers government and tax board to prescribe computation, valuation, and procedural rules for tax administration.
The Bill grants the Central Government and the Board routine delegated authority to make rules and notifications to implement substantive Income-tax and indirect tax amendments, including methods for computing values and taxes (salary components, amortisation claims, taxable receipts, written down value adjustments, depreciation claims, net winnings and withholding on online gaming), procedures for search and seizure approvals and fair market valuation, rules for refund interest computation, and consent-based information sharing via a common portal.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
