Auditing and taxation

income tax act was passed in the year
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Quick Summary
This discussion clarifies that the Income Tax Act was passed in 1961. The forum aims to assist individuals, particularly students, who may not be fully familiar with income tax provisions. It provides help with financial statements and understanding tax regulations.

Please elaborate in details, IT act passed in 1961
This is not a GK FORUM.
THIS PLATFORM WAS INITIATED TO PROVIDE ASSISTANT TO INDIVIDUALS WHO ARE NOT ADEPT WITH INVOME TAX PROVISIONS.
MANY STUDENTS USERS OF FINANCIAL STATEMENT ARE BASICALLY TAKE HELP FROM THIS FORUM.
Query is not clear.

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