Statements (54)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:legislation
|
| gptkbp:amended_by |
various amendments until 1961
|
| gptkbp:applies_to |
individuals and corporations
|
| gptkbp:appointed_by |
gptkb:Income_Tax_Department_of_India
|
| gptkbp:counseling_services |
often consulted for compliance
|
| gptkbp:education |
important for taxpayers to understand
|
| gptkbp:effective_date |
1945-04-01
|
| gptkbp:election_year |
gptkb:1956
gptkb:1958 gptkb:1960 1953 |
| gptkbp:enacted_by |
gptkb:government_agency
|
| gptkbp:examines |
may be conducted by authorities
|
| gptkbp:format |
annual tax returns required
|
| gptkbp:government_type |
income tax
|
| gptkbp:historical_debate |
subject of political discussions
|
| gptkbp:historical_period |
part of India's taxation history
|
| https://www.w3.org/2000/01/rdf-schema#label |
Income Tax Act 1945
|
| gptkbp:impact |
tax collection in India
|
| gptkbp:includes_provisions_for |
for specific income sources
|
| gptkbp:is_evaluated_by |
conducted by tax authorities
|
| gptkbp:judicial_review |
process for disputing tax assessments
|
| gptkbp:jurisdiction |
gptkb:India
|
| gptkbp:legal_issue |
gptkb:legislation
|
| gptkbp:legislation |
enforced by tax authorities
part of broader tax laws in India |
| gptkbp:mandates |
report all income
|
| gptkbp:penalty_shootout |
for tax evasion
|
| gptkbp:predecessor |
Income Tax Act 1922
|
| gptkbp:prize_money |
available for certain sectors
|
| gptkbp:purpose |
regulate income tax in India
|
| gptkbp:reform |
subject to ongoing reforms
|
| gptkbp:regulatory_compliance |
subject to changes and updates
costs associated with meeting tax obligations varies among taxpayers |
| gptkbp:related_to |
taxation policy in India
|
| gptkbp:repealed_by |
Income Tax Act 1961
|
| gptkbp:return_policy |
must be filed annually
|
| gptkbp:revenue |
confidentiality of taxpayer information
available for certain expenses contributes to national budget determined by income level government revenue source penalties for fraudulent activities strategies to minimize tax liability |
| gptkbp:social_responsibility |
rights to appeal and contest
|
| gptkbp:successor |
Income Tax Act 1961
|
| gptkbp:type_of |
influences economic policy
mandatory for all taxpayers progressive taxation system varied rates based on income |
| gptkbp:year |
financial year
|
| gptkbp:bfsParent |
gptkb:Finance_Act_1943
|
| gptkbp:bfsLayer |
7
|