Prescribed under income tax means specification by rules made under the Income tax Act, guiding administrative compliance. The term Prescribed in income tax denotes that the specific content, format, or procedure is set out by rules made under the Income tax Act, indicating ... Summary
Prescribed under income tax means specification by rules made under the Income tax Act, guiding administrative compliance.
The term Prescribed in income tax denotes that the specific content, format, or procedure is set out by rules made under the Income tax Act, indicating that obligations or specifications described as "prescribed" are to be established through delegated rule making rather than by the principal Act itself.
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