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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.
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 the Republic 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
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]
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.
Use of Centralised Processing Center setup in 2010 at Bangalore of the Income Tax Department reduced unnecessary delays in processing returns. [26] These computerization initiatives have freed up the human resources in the department which are largely responsible for higher revenue collections.
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India.It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing to the ...
Tourist card: Tourist cards can be used for unlimited travel on the Delhi Metro for short periods of time. There are two kinds of tourist cards, valid for one and three days. The cost of a one-day card is ₹ 200 (US$2.30) and a three-day card is ₹ 500 (US$5.80), including a refundable deposit of ₹ 50 (58¢ US) paid at purchase. [218]
The More Delhi card was available for sale from August 2012 and can be used both in the Delhi Metro and feeder buses. Like the Delhi Metro smart card, the More card can be purchased from Rs 50 onwards. The government is planning to integrate it with Delhi Transport Corporation (DTC) as well.