Search results
Results from the WOW.Com Content Network
The Income Tax Act, 1961, has a wide scope and empowers ITD to levy tax on the income of individuals, firms, companies, local authorities, societies, or other artificial juridical persons. [8] Thus, the Income Tax Department influences businesses, professionals, NGOs, income earning citizens, and local authorities, among others.
It is a component of the Digital India initiative, intending to make government services available to the general public online and around the clock. [ 4 ] [ 5 ] The app was developed by the Ministry of Electronics and Information Technology with the National e-Governance Division [ 4 ] and launched in November 2017 by Prime Minister Narendra ...
The Income Tax Service was established in 1944, and was subsequently reconstituted as the Indian Revenue Service (Income Tax) in 1953. In 1963, given the increasingly complex roles and responsibilities of administering direct tax in India, the Central Board of Direct Taxes was constituted as a statutory body under the Central Board of Revenue ...
Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. [2]
The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
There are eleven administrative or revenue districts in Delhi, India, all of which fall under the Delhi division. [1] [2] Each of these district is headed by a District Magistrate (DM) also called Deputy Commissioner (DC), [3] [4] [5] who reports to the Divisional Commissioner who is ex-officio Director of Civil Defence, Inspector General of Stamps and Registration and Additional Chief ...
The Chief Commissioner of Income Tax Central, abbreviated as CCIT-C, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India which assesses tax evasion. It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the administration, assessment, enforcement and ...