Schedule amendment alters prescribed term in income-tax rule, changing the statutory wording effective from the next fiscal commencement. Amendment to Schedule IV of the Income-tax Act substitutes the prescribed word in Part A, rule 6, clause (a) with a longer prescribed term, and gives that textual replacement prospective effect from the commencement of the stated fiscal year under the Finance Act, 1997.
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Schedule amendment alters prescribed term in income-tax rule, changing the statutory wording effective from the next fiscal commencement.
Amendment to Schedule IV of the Income-tax Act substitutes the prescribed word in Part A, rule 6, clause (a) with a longer prescribed term, and gives that textual replacement prospective effect from the commencement of the stated fiscal year under the Finance Act, 1997.
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