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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.
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.
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.
In 2009 the Office of Fair Trading imposed a £30.4m fine against Hays for its involvement in price-fixing.The firm, along with five other recruitment firms, formed a cartel called the Construction Recruitment Forum which agreed to boycott Parc, a new company that had entered the market in 2003 to act as an intermediary between construction firms and recruitment firms.
Hays Travel was founded in 1980 by John Hays in Seaham, Durham. Hays initially opened a small retail store behind his mother's clothing store. [3] Since May 2018, Hays Travel reached sales of over £1 billion. [4] The company's turnover increased by £42 million over 2017, when pre-tax profit was up slightly to £10.1 million.
The National Academy of Direct Taxes (NADT) is the apex civil service training institution of the Indian Revenue Service and the Income Tax Department of the Government of India. Over the years, it has enhanced and embellished national interest by moulding human capital fortunes and functioning as a ‘best-interests’ think-tank in tax policy ...
Finance Minister of India The CBIC Chairperson is usually the senior most IRS (C&IT) officer of the senior most batch. The appointee for the office is approved by Appointments Committee of the Cabinet headed by Prime Minister: Term length: No fixed tenure is imposed on the office but term can be extended: Inaugural holder: B.N. Banerji ...
This page was last edited on 17 July 2022, at 01:55 (UTC).; Text is available under the