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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. In 1924, the Central Board of Revenue Act constituted a Central Board of Revenue - the statutory body with functional responsibilities for ...
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 four 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 Act ...
The Income Tax Department (ITD) is India's premier financial agency, responsible for a wide variety of financial and fiscal matters. The department is controlled by the Department of Revenue in the Ministry of Finance, headed by a minister who reports directly to the prime minister.
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961. [1]
It turns out that a colleague of Bharat, Asif Merchant, who is also an inspector in the income tax department, knows the whereabouts of Keval. Asif is a snobbish character who loves to watch cricket and is an ardent fan of Pakistan. While trying to mend the relationship between Ranjeet and Sheetal, Suman tells Bharat that he was called by ...
Bharat Mandapam is a Convention center located in Delhi, India. [1] It is one the largest convention centres in India.Featuring a total built-up area of 390,000 sq. metres, comprising an iconic, world-class meeting hall that can accommodate 7,000 people in a single format, six modern exhibition halls with an exhibition area of 1.5 lakh sq. metres.
The ITO metro station is the last station to be opened individually before the entire corridor is commissioned in 2016. Part of the 'Heritage Line', the station is followed by stations – Delhi Gate metro station, Jama Masjid metro station, Lal Qila metro station and Kashmere Gate metro station.
Kapadia was part of the three-member Supreme Court bench that decided a PIL filed by two NDA leaders seeking the cancellation of bail of Rashtriya Janata Dal chief Lalu Prasad and his wife and former Bihar Chief Minister Rabri Devi for their interference in the judicial process in the disproportionate assets (DA) and Income Tax cases against them.