Social Sciences, asked by Sumitbarupal, 1 year ago

what is income tax.​

Answers

Answered by Purwa2995
23

Income Tax is a part of your income that is directly paid to the government in India asper income tax act, 1961.

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Answered by Anonymous
12

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An income tax is a tax that governments impose on income generated by businesses and individuals within their jurisdiction. By law, taxpayers must file an income tax return annually to determine their tax obligations. Income taxes are a source of revenue for governments.

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