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The Income Tax Act, 1961 is the charging statute of income tax in India. It provides for the 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. The Direct Tax Code 2025 is scheduled ...
The stipulations in this act were similar to those of most termination acts. The Western Oregon Indian Termination Act was unique because of the number of tribes it affected. In all, 61 tribes in western Oregon were terminated. This total of tribes numbered more than the total of those terminated under all other individual acts. [98]
General anti-avoidance rule (GAAR) is an anti-tax avoidance law under Chapter X-A of the Income Tax Act, 1961 of India. [1] It is framed by the Department of Revenue under the Ministry of Finance . GAAR was originally proposed in the Direct Tax Code 2009 and was targeted at arrangements or transactions made specifically to avoid taxes.
American Indian Treaties: The History of a Political Anomaly (1997) excerpt and text search; Prucha, Francis Paul. The Great Father: The United States Government and the American Indians (abridged edition, 1986) Ruppel, Kristin T. (2007). Unearthing Indian Land: Living with the Legacies of Allotment. Tucson, AZ: University of Arizona Press.
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 ...
The New Tax Regime is a scheme of Income tax in India first proposed in Union Budget 2020–21. [1] Subsequent Budget of FY2021-22 did not see any major announcements in this regime. [ 2 ] During the Budget 2022–23, reports emerged that New Tax Regime was getting poor response [ 3 ] and Government is considering to make it more attractive ...
Here are five key takeaways from India's union budget: Tax cuts for the middle class. ... the government has raised income tax exemption limits, making earnings of up to 1.2m rupees ($13,841; £ ...
Download QR code; Print/export ... General anti-avoidance rule (India) Gift Tax Act, 1958; I. The Income-tax Act, 1961; Interest Tax Act, 1974; W.