WebThe Income Tax Department NEVER asks for your PIN numbers, passwords or similar access information for credit cards, banks or other financial accounts through e-mail.. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. WebIntroduction: Under the Constitution of India Central Government is empowered to levy tax on the income. Accordingly, the Central Government has enacted the Income Tax Act, …
Income Tax Act - Income Tax Act 1961, Laws, Rules
WebAn Act to consolidate and amend the law relating to income-tax and super-tax. The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, … Web16 minutes ago · (i) where the capital asset became the property of the previous owner or the assessee before the 1st day of April, 2001, means all expenditure of a capital nature incurred in making any additions or alterations to the capital asset on or after the said date by the previous owner or the assessee, and camping car challenger genesis 30
Introduction and Basic Concepts of Income Tax - TaxGuru
WebIndia is now governed by the Income Tax Act of 1961 (IT Act). The current Income Tax Act was passed in 1961 and went into effect on April 1st, 1962. The government referred the Income Tax Act to the Law Commission in 1956, and the report was delivered in 1958. The Direct Tax Administration Enquiry Commission’s Chairman, Shri Mahavir Tyagi ... Web16 minutes ago · The counsel for assessee heavily relied on the judgment in Malabar Industrial Co. Ltd. (supra) wherein on the interpretation of section 263 of the IT Act it was … WebIndia is now governed by the Income Tax Act of 1961 (IT Act). The current Income Tax Act was passed in 1961 and went into effect on April 1st, 1962. The government referred the … camping car challenger genesis 36