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As construed by the Supreme Court in the Brushaber case, the power of Congress to tax income derives from Article I, Section 8, Clause 1, of the original Constitution rather than from the Sixteenth Amendment; the latter simply eliminated the requirement that an income tax, to the extent that it is a direct tax, must be apportioned among the ...
The Mahatma Gandhi University, informally known as MGU, is a State Private University located in Meghalaya, India. It was founded in 2011 by Meghalaya State legislative Act, 2010 (Meghalaya Act No.6 of 2011).
The Income Tax Department of India specifies the use of the Form and various rules and regulations are associated with it. The Income Tax Act, 1961, and the Income Tax Rules, 1962, govern the process of filing Income Tax Returns in India. Form 3CE is a part of this process and is an Audit Report format and is required by Section 44DA. [24]
The university was established in 1991 by Nanaji Deshmukh [2] as Chitrakoot Gramodaya Vishwavidhayalay under The Chitrakoot Gramodaya Vishwavidhayalay Adhiniyam, 1991.The name was changed to Mahatma Gandhi Gramodaya Vishwavidyalaya in 1995 through The Chitrakoot Gramodaya Vishwavidyalaya (Sanshodhan) Adhiniyam, 1995, naming the university after Mahatma Gandhi.
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State income tax rates vary widely from state to state. States imposing an income tax on individuals tax all taxable income (as defined in the state) of residents. Such residents are allowed a credit for taxes paid to other states. Most states tax income of nonresidents earned within the state.
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The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922. Current income-tax law is governed by the 1961 act, which has 298 sections and fourteen schedules. [9] The Direct Taxes Code Bill was sponsored in Parliament on 30 August 2010 by the finance minister to replace the Income Tax Act, 1961 and the Wealth Tax ...