Income Tax Returns
Who is Required to File Income Tax Return ?
Income Tax Return should be filed by every p...
TDS/TCS RETURN
Tax Deducted at Source (TDS)- The concept of TDS was introduced with an aim to collect tax from the very...
TAX AUDIT
What is Tax Audit?
There are various kinds of audits being conducted under different laws,tax...
Income Tax (Direct Tax)
The term income tax refers to a type of tax that Central Government impose on income generated by businesses and individuals in a financial year. As per Income Tax Law, taxpayers must file an Income Tax Return annually to determine their tax obligations.
Tax Collected by the Central Govt is used to fund public services, pay government obligations,spend on national security,education and health infrastructure and also provide essential goods and services for citizens.
Authoritative & Administrative Body
The Central Board of Direct Taxes (CBDT) is a part of Department of Revenue in the Ministry of Finance. The CBDT provides inputs for policy and planning of direct taxes in India, and is also responsible for administration of direct tax laws through the Income Tax Department.
