[ad_1] Revenue Secretary Sanjay Malhotra has said that the government is committed to simplifying the Income-tax Act and the “comprehensive review” being undertaken may see a possible move in favour of a new tax code. The form and shape that it will take would be decided in the due course. In an interview with Aanchal […]
What is Income Tax? a comprehensive guide
[ad_1] What is Income Tax? Income tax is a direct tax levied by the government on the income of individuals and other entities. Indian residents are required to consider their income from India as well as abroad during tax filing; Whereas, foreigners are taxed only on their income from India. Different types of income and […]