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The Income Tax Department is a government agency in India that collects direct taxes under the Central Board of Direct Taxes (CBDT). It enforces various tax laws, such as the Income-tax Act, 1961, and deals with international taxation issues.
Learn about the different ranks and positions of the officers working in the Income Tax Department of India, from Inspectors to Special Secretary. Find out the pay grade, equivalent position, order of precedence and alternative designations for each rank.
The IRS is the federal revenue service of the United States, responsible for collecting taxes and administering the Internal Revenue Code. It is an agency of the Department of the Treasury and has a history dating back to the Civil War and the 16th Amendment.
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 and covers various heads of income, tax rates, amendments and simplification.
CBDT is the senior-most IRS (IT) civil servant in the Government of India and the cadre controlling authority of the Indian Revenue Service (Income Tax). The web page lists the functions, emoluments and history of the CBDT Chairpersons since 1964.
Learn about the federal and state income tax systems in the U.S., including sources of law, basic concepts, rates, deductions, and credits. Find out how income is defined, taxed, and reported for individuals, corporations, and other entities.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
Learn about the origins and evolution of taxation in the US, from colonial protest against British taxes to modern income and sales taxes. Find out how capitation taxes, also known as poll taxes, were used to restrict voting rights in the 19th and 20th centuries.
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