charges of income tax?
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Explanation:
Charge of Income Tax Income tax is charged in assessment year at rates specified by the Finance Act applicable
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Answer:
Section 4 of the Income-Tax Act, 1961 (the Act), is the basic charging section under which income-tax is chargeable on the total income of every person. ... As per section 14, all income, for the purpose of charge of income-tax and computation of total income, is classified under five heads of income.
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