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The finance budget brings various amendments in Income-tax Act, 1961 including tax slabs rates. [2] The amendments are generally applicable to the next following financial year beginning from 1 April unless otherwise specified. Such amendments become part of the income tax act after the approval of the president of India.
For an organisation to be termed as charity it requires Income tax clearances under 12A Section of Income Tax Act. Section 2(15) of the Income Tax Act defines ‘charitable purpose’ to include ‘relief of the poor, education, medical relief and the advancement of any other object of general public utility’.
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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 four 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 Act ...
Union Territories (Stamp and Court-fees Laws) Act: 1961: 33 Dadra and Nagar Haveli Act: 1961: 35 Income-tax Act: 1961: 43 Voluntary Surrender of Salaries (Exemption from Taxation) Act: 1961: 46 Deposit Insurance and Credit Guarantee Corporation Act: 1961: 47 Apprentices Act: 1961: 52 Maternity Benefit Act: 1961: 53 Institutes of Technology Act ...
Republicans added some other amendments to combat what they have lambasted as "woke" ideology in the military, including a prohibition on the military using funds to "endorse critical race theory."
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] Section 44DA Sub-Section 2 of the Income Tax Act, 1961, and Rule 6GA are specifically related to the use of Form 3CE.
SOURCE: Integrated Postsecondary Education Data System, University of North Carolina Wilmington (2014, 2013, 2012, 2011, 2010).Read our methodology here.. HuffPost and The Chronicle examined 201 public D-I schools from 2010-2014.