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The Central Government had proposed to insulate the revenues of the States from the effects of GST, with the expectation that in due course, GST will be levied on petroleum and petroleum products. The central government had assured states of compensation for any revenue loss incurred by them from the date of GST for a period of five years.
The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963.
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.
Nearly 20 states approved stimulus payments in one form or another in 2022, and residents in a dozen of them are still waiting for their money. ... Debit card payments will be sent out through Jan ...
First, Californians who received Golden State Stimulus (GSS) I or II are expected to receive MCTR direct deposit payments between Oct. 7, 2022, and Oct. 25, 2022, with the remaining direct ...
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.
If you’re an Illinois resident or business owner, you have until April 18, 2023, to file your Illinois state income taxes. If you’re expecting a refund this year, this quick guide explains how ...
The Foothill Extension (formerly the Gold Line Foothill Extension) is a construction project extending the light rail A Line, a part of the Los Angeles Metro Rail system. The project begins at the former terminus of the former Gold Line at Sierra Madre Villa station in Pasadena and continues east through the "Foothill Cities" of Los Angeles County.