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The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. 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, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.
However, between April 2020 and December 2020, all executive and legislative functions were exercised by a principal secretary acting on behalf of the Governor of Assam. [11] In April 2020, Siddharth Singh has been appointed as the Principal Secretary of Bodoland Territorial Council, [ 12 ] while Rajesh Prasad was posted as the administrator.
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 other 6 districts curved out of Assam; Jayantia, Garo and Khasi were combined and became Meghalya State; Lushiai hills became Mizoram; Naga hills became Nagaland; NEFA became Arunachal Pradesh; the both princely states Tripura and Manipur included in Assam and later separated as state and Koch Bihar became part of West Bengal.
In 2017, a Public Interest Litigation (PIL/9/2017) titled Ratan Terang and 17 Ors Vs.The State of Assam and 8 Ors., was filed in the Gauhati High Court where the petitioners brought to the attention of the court that the elections in the Election District Council are being conducted under the Rules of 1951 and under Rule 128 (4)(b) of the said ...
Doubling farmers' income (DFI) is a target set by the government of India in February 2016 to be achieved by 2022. [ 1 ] [ 2 ] [ 3 ] The DFI Committee submitted hundreds of recommendations to this effect in September 2018 and is empowered to oversee their implementation.
The All India Federation of Tax Practitioners (AIFTP) is an association of Advocates, Chartered Accountants and Tax Practitioners in India. The Federation was established in 1976. [ 1 ] It includes 138 tax associations and 8900 individual members including leading senior advocates and Chartered Accountants. [ 1 ]