Circulars And Notifications

Circulars

• CBDT issues circulars to deal with specific problems and to clarify doubts regarding the scope and meaning of certain provisions of the Act.

• Circulars are issued for the guidance of the officers and/or assessees.

• The department is bound by the circulars. While such circulars are not binding on the assessees, they can take advantage of beneficial circulars.

Notifications

Notifications are issued by the Central Government to give effect to the provisions of the Act. The CBDT is also empowered to make and amend rules for the purposes of the Act by issue of notifications which are binding on both department and assessees.