The tax is otherwise charged on each item sold to purchasers without such a certificate and who are under the jurisdiction of the taxing authority.
The government imposes a tax on of all persons who are individuals, (HUF’s), companies, firms, LLP, the association of persons, a body of individuals, local authority and any other artificial juridical person.
Levy of tax on a person depends upon his residential status. The CBDT administers the Income Tax Department, which is a part of the Department of Revenue under the.
Income tax is a key source of funds that the government uses to fund its activities and serve the public.
The Income Tax Department is the biggest revenue mobilizer for the Government. The total tax revenues of the Central Government increased from ₹1,392.26 billion(US$22 billion) in 1997-98 to ₹5,889.09 billion(US$92 billion) in 2007-08.
The Income Tax Service, Group ‘B’ is the of them. It is the feeder service of the premier and elite. The service functions under the Department of Revenue in the and is concerned with the collection and administration of the various accruing to them.
All officers of and up to the rank of Income Tax Officer belong to Group B (Income Tax officer (ITO) is gazetted while those below the rank of Income Tax Officer are non-gazetted). On reaching the rank of Assistant Commissioner they are accorded IRS.
A chief technology officer (CTO), sometimes known as a chief technical officer, is an executive-level position in a company or other entity whose occupation is focused on scientific and technological issues within an organization.
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