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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 Rights of Persons with Disabilities Act, 2016 is a disability law passed by the Parliament of India to fulfill its obligations under the United Nations Convention on the Rights of Persons with Disabilities, ratified by India in 2007. The Act replaces the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full ...
82. Taxes on income other than agricultural income. Taxation: 83. Duties of customs including export duties. 84. Duties of excise on tobacco and other goods manufactured or produced in India except - (a) alcoholic liquors for human consumption. (b) opium, Indian hemp and other narcotic drugs and narcotics,
The number of people with disabilities in India was stated as 21 million in the 2001 Census of India. [2] In the 2011 census, the figure rose by 22.4% to 26.8 million. [3] According to the 2011 census, 20.3% of people with disabilities in India have movement disabilities, 18.9% have hearing impairments, and 18.8% have visual impairments.
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India.It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing to the ...
The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. [ 1 ] New Income Tax Bill 2025 was presented by the government in the Lok Sabha (Lower house of India) on 13.02.2025, If the bill is approved and passed then it will become an act of law and ...
Income Computation and Disclosure Standards (ICDS) were issued by the Government of India in exercise of powers conferred to it under section 145(2) of The Income Tax Act, 1961. The Ministry of Finance published 14 draft ICDS, out of which 10 ICDS were notified by the government on 31 March 2015. The government specified a deferment of one year ...
Direct tax in the form of an income tax was introduced by the British in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [5] The organizational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act, 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.