Provisional Collection of Taxes Act grants immediate effect to specified Finance Bill clauses to enable provisional tax collection. It is declared expedient in the public interest that clauses 72(i), 72(ii), 84, 117 and 120(ii) of the Finance Bill, 2008 shall have immediate effect ... Summary
Provisional Collection of Taxes Act grants immediate effect to specified Finance Bill clauses to enable provisional tax collection.
It is declared expedient in the public interest that clauses 72(i), 72(ii), 84, 117 and 120(ii) of the Finance Bill, 2008 shall have immediate effect under the Provisional Collection of Taxes Act, 1931, enabling provisional implementation of those provisions prior to ordinary commencement.
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