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Income Tax Department. The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. 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. However the bill ...
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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 ...
Download as PDF; Printable version; ... The Income-tax Act, 1961; M. M/S R.M.D.C (Mysore) v. State of Mysore ... West Bengal Societies Registration Act, 1961
Download as PDF; Printable version; ... (laws enacted by the Parliament of India in 1961). ... The Income-tax Act, 1961
To calculate income tax, add all forms of taxable income earned in a tax year. Next, find your adjusted gross income. Then, subtract any eligible deductions from your adjusted gross income.
Income Tax Act 1976, a Statute of New Zealand; Income Tax Act 1985, an Act governing income taxes in Canada since 1917, with the current version enacted in 1985. The Income-tax Act, 1961, an Act of the Parliament of India; Individual Income Tax Act of 1944, an Act raising income tax in the United States
Download as PDF; Printable version; ... Income Tax Appellate Tribunal; ... (India) The Income-tax Act, 1961; Indian tax forms; N. National Judicial Reference System ...