Search results
Results From The WOW.Com Content Network
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, 19
The National Academy of Direct Taxes (NADT) is the apex civil service training institution of the Indian Revenue Service and the Income Tax Department of the Government of India. Over the years, it has enhanced and embellished national interest by moulding human capital fortunes and functioning as a ‘best-interests’ think-tank in tax policy ...
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. GAAR ...
The Income Tax department has frozen Cognizant Technology Solutions Corp's bank accounts and deposits in Chennai and Mumbai for allegedly evading a dividend distribution tax (DDT). A Cognizant spokesman confirmed the report and said in a statement that a court has instructed the tax department not to take further action pending further hearings.
The department acts as a facilitator, in consultation with central ministries/departments, states/UT administrations, organisations and individuals, to improve government functioning through administrative reforms in the spheres of restructuring the government, process improvement, organisation and methods and grievance handling, and by ...
India's capacity to generate electrical power is 300 gigawatts, of which 42 gigawatts is renewable. [341] The country's usage of coal is a major cause of greenhouse gas emissions by India but its renewable energy is competing strongly. [342] India emits about 7% of global greenhouse gas emissions.
Kamal Haasan has been a recipient of Padma Shri and Padma Bhushan, the fourth and third highest civilian honours awarded by the Government of India respectively. [11]The President, Shri Pranab Mukherjee presenting the Padma Bhushan Award to Shri Kamal Haasan, at a Civil Investiture Ceremony, at Rahstrapati Bhavan, in New Delhi on 31 March 2014
As IIMs are considered as not-for-profit institutions, IIMs do not pay any 'corporate tax' to the Income Tax Department, Government of India. In 2023, the corporate tax in India was approximately 25% in the 2020s. [99] In 2023, the fee charged by the older six IIMs (ABCLIK) were in the range of approximately 21 - 26 lakhs for the two year full ...