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.
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.