DIFFERENCE
This query is : Resolved
31 March 2009
WHAT IS DIFFERENCE BETWEEN THE NOTIFICATION
AND CIRCULAR.
AND CIRCULAR.
31 March 2009
Notification is sub ordinate legislation and is issued under power deligated by parliament.
Circular is like administrative guideline or clarificatory in nature.
Both are issued by CBDT in case of Income-tax.
Circular is like administrative guideline or clarificatory in nature.
Both are issued by CBDT in case of Income-tax.
31 March 2009
A notification is issued by a government (central/ state) to exercise the power of a legislative enactment (Parlimentary/ Assembly). These powers are in abundance in taxation (direct/ indirect) legislations. These notifications generally lay down the law taking care of some procedural aspects of the enactment.
The circulars are issued by the chief executive in charge of the taxation hierarchy, and are normally explanatory/ interpretative or relax the rigours of the law administered.
The circulars are issued by the chief executive in charge of the taxation hierarchy, and are normally explanatory/ interpretative or relax the rigours of the law administered.
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