about Income-tax Act
The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax
Refer:: https://cleartax.in/s/income-tax
2 Replies
Tanuj Chandra Saxenaa
(Company Secretary)
(7075 Points)
Replied 17 January 2022
Income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them. Income tax generally is computed as the product of a tax rate times the taxable income.
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