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The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India. It also enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988 , [ 6 ] and the Black Money Act, 2015 .
Income Tax Department. Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department.Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7.
E-filing originally used the processing system developed in 1969 by the IRS but, since 2003, the IRS has been developing a new enhanced processing system called CADE. [ 7 ] For tax-filing season 2024, the IRS announced a pilot of Direct File , where people can calculate and submit their federal taxes and some state taxes in partnership with ...
Electronic tax filing, or e-filing, is a system for submitting tax documents to a revenue service electronically, often without the need to submit any paper documents. Electronic tax filing may refer to: IRS e-file, a United States system for federal income tax; NETFILE, a Canada Revenue Agency system for consumers
Modernized e-File (MeF) is an electronic system for filing tax returns with the Internal Revenue Service (IRS) of the United States.. The MeF system describes tax forms in terms of XML and supports web-based filing.
The Direct Taxes Administration Enquiry Committee, under the chairmanship of Mahavir Tyagi, submitted its report on 30 November 1959 and its recommendations took shape in the Income-tax Act, 1961. The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922.
E-file may refer to: . Canadian efile, an electronic tax filing system of Canada Revenue Agency for professional tax preparers; E-file, or electronic court filing, a system for automated transmission of legal documents
Marital status is decided based on a person's marital status on December 31. [4] If a couple is married on December 31 of the taxable year, the couple may file a joint return for the year. [ 6 ] However, even if the first day of legal separation or divorce from the spouse is December 31, one cannot file a joint return for any portion of that ...