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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.
Position / pay grade in the Government of India Level and rank according to section 116 of Income Tax 1961(2023) Equivalent position or designation in Government of India Order of precedence (as per presidential order) 1 Inspectors of Income Tax: Assistant Section Officer 2 Income-Tax Officers / Tax Recovery Officers/Administrative officer
Recently, in another case, some IRS officials were found to help certain companies evade payment of Service tax and related penalties of the order of ₹ 1 crore. [19] Also CBI raided premises of an income tax officer for demanding Bribe to the tune of ₹ 60 crore for covering up Stock Guru Scam.
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale ) Company
2 Basic 35400 (6th pay Grade Pay-4200) in Pay Band-II Office Superintendent: Sub Inspector of Police 3 44900(6th pay Grade Pay-4600) in Pay Band-II Inspector of Income Tax/ Agent of Income Tax CID/ Entry Level: Inspector of Police 4 47600 (6th pay Grade Pay-4800) and Senior Scale of Grade Pay of 5400 after 04 years in Pay Band-II
When a traffic challan is issued against a person's name he or she is responsible to pay the penalty depending on the type of violation made as per the Indian Motor Vehicles Act, 1988. [11] Traffic challans can be paid by various mechanisms e.g. by cash, at an e-seva center, or by any other payment mode as specified on the challan.
Due to RBI efforts and the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), now over 75% of all transaction volume is electronic, including both large-value and retail payments. Out of this 75%, 98% come from the RTGS (large-value payments) whereas a meager 2% come from retail payments.
The Quarterly Return Filing and Monthly Payment (QRMP) Scheme is a simplified compliance regime under the Goods and Services Tax (GST) in India. It is available to registered taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already ...