The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
Allowance are being mentioned in section 10 wheras perquisites in section 17(2) of Income Tax Act, 1961.
a plan is how your going to do somthing and an act is doing it
Audit under any statute in a Country(State) is called statutory audit & Audit under any taxation law is called tax audit. For example books of accounts are audited under the Companies Act, 1956 (Statutory Audit) and Financial Statements of companies are prepared as per the provisions of this Act. Books are also audited under the Income Tax Act, 1961 and the income arrived at as per the provisions of this Act is taxed (Tax Audit).
To raise Income Tax.
The difference between "act" and "commission" lies in their meanings and contexts. An "act" refers to the execution of a specific action or deed, while "commission" often implies the act of assigning someone to perform a task or the act of carrying out a particular duty. Additionally, "commission" can also refer to the authority granted to someone to undertake a specific role or responsibility. In summary, an act is the action itself, whereas a commission involves the authorization or assignment to perform that action.
The main difference between act and rule utilitarianism is that act utilitarianism focuses on the consequences of individual actions to determine what is morally right, while rule utilitarianism emphasizes following general rules that lead to the greatest overall happiness or utility for society.
The main difference between rule and act utilitarianism is that rule utilitarianism focuses on following general rules that lead to the greatest overall happiness, while act utilitarianism emphasizes making decisions based on what will produce the most happiness in a specific situation, without necessarily following a set rule.
The main difference between act utilitarianism and rule utilitarianism is that act utilitarianism focuses on the consequences of individual actions to determine what is morally right, while rule utilitarianism emphasizes following general rules that lead to the greatest overall happiness or utility for society.
The key difference between act and rule utilitarianism is in how they determine the morality of actions. Act utilitarianism focuses on the consequences of each individual action to determine its morality, while rule utilitarianism looks at following general rules that lead to the greatest overall happiness.
An act is a proposed law that has not yet been passed, while a law is a legal rule that has been officially approved and is enforceable.
The key difference between act utilitarianism and rule utilitarianism is that act utilitarianism focuses on the consequences of individual actions to determine what is morally right, while rule utilitarianism emphasizes following general rules that lead to the greatest overall happiness, even if specific actions may not always result in the best outcomes.
Allowance are being mentioned in section 10 wheras perquisites in section 17(2) of Income Tax Act, 1961.
A Supreme Court judgment on this point says that a rule will prevail over the provision if there is a conflict. Further in order to be a valid rule, the rule has to qualify the publication and shouldn't be against the public policy, constitution and parent Act.
If it is a good thing, it's the difference between an idea and an act. If it's a bad thing, it's the difference between a sin and a crime.
what s the difference between an enablimg act and an act of admission?
All are final prospectuses, just differ in the rule they are framed. 424B1 is based on Rule 424(b)(1) on Securities Exchange Act, 1934. Similarly the others.
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