Income tax in India
The Central Government has been empowered by Entry 82 of the Union List of Schedule VII of the Constitution of India to levy tax on all income other than agricultural income (subject to Section 10(1))...
Income tax in India - Wikipedia
Public Provident Fund (India)
The Public Provident Fund is savings-cum-tax-saving instrument in India, introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to mobilize small sa...
ITR-1 SAHAJ
ITR-1 SAHAJ form is an essential Income Tax Return form for Indian citizens filing their tax returns with the Income Tax Department. The Income Tax Act, 1961, and the Income Tax Rules, 1962, obligates...
Chief Commissioner of Income Tax
The Chief Commissioner of Income Tax or Director General of Income Tax is a senior rank in the Income Tax Department in India. Chief Commissioners are in charge of operations of the department with i...
Income Tax Department
The Income Tax Department, also referred to as IT Department, is a government agency in charge of monitoring the income tax collection by the Government of India. It functions under the Department of ...
Vodafone India
Vodafone India Limited, formerly Vodafone Essar Limited, is the second largest mobile network operator in India after Airtel by subscriber base. It is headquartered in Mumbai, Maharashtra. It has appr...
Vodafone India - Wikipedia
Direct Taxes Code
The Direct Taxes Code (DTC) is said to replace the existing Indian Income Tax Act, 1961.The direct tax code seeks to consolidate and amend the law relating to all direct taxes, namely, income-tax, div...
Tax Collected at Source
Tax Collected at Source (TCS) is income tax collected by seller in India from payer on sale of certain items. It is provided in section 206C of Income Tax Act 1961. The seller has to collect tax at sp...
Investigation Division of the Central Board of Direct Taxes
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India. It functions under the Department of Reven...
Permanent account number
Permanent account number (PAN) is the identifier of Indian income tax payers in the form of AAAPL1234C. It is unique, 10-character alpha-numeric identifier, issued to all juristic entities identifiabl...
Unit-linked insurance plan
A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that unlike a pure insurance policy gives investors the benefits of both insurance and investment under a single integra...
Income Tax Service, Group ‘B’
The Income Tax Service, Group ‘B’ (Hindi: आयकर सेवा, ग्रुप 'बी') is the revenue service of the Government of India. It is the feeder service of the premier and elite Indian Revenue Service. The servic...
Tax Deducted at Source
Tax Deducted at Source (TDS) is a means of collecting income tax in India, governed under the Indian Income Tax Act of 1961. Any payment covered under these provisions shall be paid after deducted pre...
Income Tax Air Intelligence Unit
The Income Tax Air Intelligence Unit is a law enforcement agency, under the Ministry of Finance responsible for fighting tax evasion and to tackle the menace of black money with cross-border ramifica...
The Income-tax Act, 1961
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. Recently the Government of India has brought out a...
Rajiv Gandhi Equity Savings Scheme
The Rajiv Gandhi Equity Savings Scheme (commonly referred to as RGESS), is a tax saving scheme announced in the 2012-2013 Union Budget of India, aimed at first time retail investors. Named after Rajiv...
List of Income Tax ranks in India
The following are ranks in the Income Tax Department in India.Gazetted officers include all the Indian Revenue Service officers and all Income Tax Services officers of and above the rank of Income Tax...
Chief Commissioner of Income Tax Central
The Chief Commissioner of Income Tax Central, abbreviated as CCIT-C, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India which assesses tax evasion. It function...
Additional Commissioner of Income Tax
An Additional Commissioner of Income Tax is a high-ranking senior income tax officer in several countries.
Additional Director or additional Commissioner of Income Tax is a rank in the Indian Reve...
National Savings Certificates (India)
National Savings Certificates, popularly known as NSC, is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India. It is part of the postal savin...
National Savings Certificates (India) - Wikipedia
Tax Deduction Account Number
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian In...
ITR 3
There are various forms that Assessees use while filing Income Tax Returns in India and the ITR-3 Form is one such form. The ITR-3 Form is used by a certain section of Tax payers as per the guidelines...
Indian tax forms
Indian tax forms are used to document information in compliance with the Income Tax Act of 1961 and in accordance with the Income Tax Rules (codified in 1962), which govern the process of filing Incom...
Equity-linked savings scheme
Equity-linked savings scheme popularly known as ELSS are open-ended, diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 19...
Chairperson, Central Board of Direct Taxes
The Chairperson, CBDT is the senior-most IRS civil servant in the Government of India. The Chairperson of Central Board of Direct Taxes is the ex officio Special Secretary to the Government of India a...
Directorate General of Income Tax Investigation
The Directorate General of Income Tax Investigation is the law enforcement agency under the Ministry of Finance responsible for investigating violations of India's tax laws, including fraud, evasion a...