Taxation Laws Amendment clarifies commencement and amends Income-tax Act and Finance Act, altering operative tax provisions. The Act establishes the Taxation Laws (Amendment) Act, 2005 to amend the Income-tax Act, 1961 and the Finance Act, 2005, and provides that it shall be deemed to have come into force on the thirty-first day of October, 2005.
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Taxation Laws Amendment clarifies commencement and amends Income-tax Act and Finance Act, altering operative tax provisions.
The Act establishes the Taxation Laws (Amendment) Act, 2005 to amend the Income-tax Act, 1961 and the Finance Act, 2005, and provides that it shall be deemed to have come into force on the thirty-first day of October, 2005.
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