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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.
t. e. 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).
v. t. e. Muhamma Panchayat office, Kerala. Panchayati raj (council of five officials) is the system of local self-government of villages in rural India [1] as opposed to urban and suburban municipalities . It consists of the Panchayati Raj Institutions (PRIs) through which the self-government of villages is realized. [2]
e. The Indian Revenue Service (Income Tax) ( IAST: Bhāratīya Rājasva Sevā ), often abbreviated as IRS (IT), is the administrative revenue service of the Government of India. As a Central Service, it functions under the Department of Revenue of the Ministry of Finance and is under the administrative direction of the Revenue Secretary and the ...
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 ...
v. t. e. Panchayat samiti or block panchayat is a rural local government ( panchayat) body at the intermediate tehsil (taluka/mandal) or block level in India. It works for the villages of the tehsil that together are called a development block. It has been said to be the "panchayat of panchayats".
During 2004, the MoPR organized several Round Table meetings of State Ministers of Panchayati Raj. The focus was to implement Part IX (Panchayat) of the Constitution and PESA Panchayats (Extension to Scheduled Areas) Act 1996. During the 7th Round Table meeting, the issue of Information Technology for Panchayats was discussed, and the usage of ...
Professional Tax. Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, lawyer, doctor etc. are required to pay this professional tax.