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The department generates the highest tax revenue for the state government. [1] The core function of the department is two pronged: implementation of taxes on various commodities and services as laid out by various tax laws enacted by Government of India and the state government and to maximize the collection of taxes.
The Indian Revenue Service (Customs & Central Excise) (IAST: Bhāratīya Rājasva Sevā), often abbreviated to IRS (Customs & Central Excise) or IRS (Customs & Indirect Taxes), now called IRS (C&IT) is a part of central civil service of the Government of India. It functions under the Department of Revenue of the Ministry of Finance and is under ...
15 Zones of the Chennai Corporation after expansion The city of Chennai in Tamil Nadu, India, is managed by the Corporation of Chennai. Established as Madras Corporation in 1688, it is the oldest municipal body in India. It is headed by a mayor, who presides over 200 councillors each of whom represents a ward. The current mayor of Chennai was elected on 4 March 2022. Prior to its expansion in ...
The letter also calls for the extension of the Fresh Start program, which allows delinquent borrowers to resume payments and have defaults erased, and the on-boarding period, when delinquent ...
The Indian Revenue Service (IAST: Bhāratīya Rājasva Sevā), often abbreviated as IRS, is a civil service that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A [4] of the executive branch of the Government of India, it functions under the Department of Revenue [5] of ...
The discrepancy between pay and how much everything costs. Like I look back at the 5 bedroom house I rented in 2018 for $1250 a month and thought that was hefty. That same house is renting for ...
Thus, the new Service Tax rate would be 15% incorporating EC, SHEC, Swachh Bharat Cess and Krishi Kalyan Cess. [16] From 2015 to currently, the gross tax collection of the centre from service tax has amounted in excess of ₹ 2.10 trillion (US$25 billion). [17] Service tax has been replaced by Goods and Services Tax in India.
Direct tax in the form of an income tax was introduced by the British in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [5] 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.