The Income-tax Act, 1961
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... Wikipedia
Originally published: April 1, 1962
Citation: Act 43 of 1961
Commenced: 1 April 1962
Enacted by: Parliament of India
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Expenditure incurred in relation to income not includible in total income. A.—Salaries. 15. Salaries. 16. Deductions from salaries. 17. “Salary”, “perquisite ...
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.
INDIA THE INCOME TAX ACT 1961 Section 11 Income from property held for charitable or religious purposes. (ii) for charitable or religious purposes, created ...
India Code: Income-tax Act, 1961. Long Title: An Act to consolidate and amend the law relating to income-tax and super-tax.
The Income Tax Act of 1961 is a comprehensive statute that sets the rules and regulations that govern taxation in India. The Income Tax Act contains a total of ...
(1)This Act may be called The Income-tax Act, 1961. (2)It extends to the whole of [India] [Refer Rules 7 and 8 which provide for computation of income which is ...
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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.
Enacted in 1961, it serves as the primary law for levying and collecting income tax from individuals, companies, and other entities.
