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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.
Raid is a 2018 Indian Hindi-language crime drama film [3] directed by Raj Kumar Gupta.It stars Ajay Devgn, Saurabh Shukla and Ileana D'Cruz. [4] The film is based on the real life income-tax raid conducted by the officers of Income Tax Department on Sardar Inder Singh in the 1980s, which distinguished itself from others for being the longest raid in Indian history.
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 ...
Telugu cinema is a part of Indian cinema producing films in the Telugu-language, in the states of Andhra Pradesh and Telangana and is centered in the Hyderabad neighbourhood of Film Nagar. [187] The following table lists the top 10 highest-grossing Telugu films produced in the Telugu film industry.
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 fourteen 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 ...
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.
Tech stocks account for a big chunk of the profit gains, led by the "Magnificent 7" of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, and supported by trends including artificial ...
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