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The Income Tax Department Karnataka & Goa is the revenue enforcement and collection agency for the state of Karnataka and Goa, India. It has its headquarters in Bangalore , the state capital. The Direct Taxes Regional Training Institute was built in Bangalore at Jalahalli.
The digital office of the Income Tax Department of India is based in Bangalore. The need for the build of systems to collect and refund taxes for millions of citizens and need for data analytics and AI to prevent fraud meant that Bangalore city was an obvious choice for the same.
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Bangalore CBD, MG Road is seen. The central business district of Bengaluru is the area within a 6 km radius around Vidhan Soudha. [citation needed] This is the center of Bangalore and was founded by Kempegowda of the Vijayanagara Empire.
The tax policy is not limited to raising of revenue. As a part of the overall policy of the Government of India, the tax policy also serves as a tool to address several other objectives in the process of development of the country. These objectives may include providing for incentives and disincentives in the target areas/segments of the economy.
Mayo Hall houses several departments of Bangalore Mahanagara Palike, Bangalore's administrative body.The government's Kempegowda Museum is located on the upper floor. It was established in 2011, and is dedicated to Kempegowda, the founder of Bangalore.The museum has Kempegowda's statue as well as artistic renderings from his time.
A flyover on Hosur Road connects Bangalore with Electronic City. A metro line named Yellow line passes through this area. HSR Layout: HSR Layout is a new residential area in Bangalore located between Hosur Road and Sarjapur Road. Koramangala: Koramangala is a large commercial and residential neighbourhood in Bangalore.