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Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
Tax Deduction and Collection Account Number. 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]
Corporate taxes (33.99%) Other taxes (2.83%) Excise taxes (20.84%) Customs duties (17.46%) Other taxes (8.68%) other taxes (11.96%) Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined ...
Income tax return (India) Income Tax Department. Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses.
Common Service Centers (CSCs) are a key component of the Digital India initiative launched by the Government of India. These centers aim to provide essential government and non-government services to citizens, particularly in rural and remote areas, through digital means. By acting as access points for various public utility services, social ...
Getty Images (2) Brittany Cartwright is speaking out after filing for divorce from Jax Taylor, explaining her decision “wasn’t made lightly or quickly.” “It’s been a big week ...
MyGov[1] (Hindi: मेरी सरकार, romanized: Mērī Sarakāra) is a citizen engagement platform [2] launched by the Government of India on 26 July 2014 to promote the active participation of Indian citizens in their country's governance and development. [3] It is aimed at creating a common platform for Indian citizens to ...