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The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.
India Vision 2020. India: Vision 2020 is a document prepared under the chairmanship of S. P. Gupta, Planning Commission. [1] This vision document was inspired by APJ Abdul Kalam 's 1998 book India 2020: A Vision for the New Millennium, which Kalam co-authored with Y. S. Rajan. This was preceded by a set of documents, "Technology Vision 2020 ...
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 ...
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).
ADR has analyzed the IT returns of all National and Regional parties of India whose ITR details are available in the public domain, from FY 2002-03 till date. An analysis of their Income Tax returns and donations statements filed with the Election Commission of India (ECI) shows that the sources remain largely unknown.
National Stock Exchange was incorporated in the year 1993 to bring about transparency in the Indian equity markets. NSE was set up at the behest of the Government of India, based on the recommendations laid out by the Pherwani committee in 1991 [8] and the blueprint was prepared by a team of five members (Ravi Narain, Raghavan Puthran, K Kumar, Chitra Sankaran and Ashishkumar Chauhan) along ...
The Vision is dedicated to a ten-year-old girl whom Kalam met during one of his talks and asked her about her ambitions, to which the young girl replied, "I want to live in a developed India." [ 2 ] In his book India 2020, Kalam strongly advocates an action plan to develop India into a strong nation by the year 2020.
Farmers - who constitute 70% of the Indian workforce - are generally excluded from paying income tax in India. Income tax returns are due in India generally on 31 July, 30 September or 30 November, depending on the category of taxpayer. Everyone who earns or gets an income in India is subject to income tax.