It is a very well-known fact that a person deriving income from various sources is required to make payment of income tax. The legal legislation under which this income tax is payable is known as Income Tax Act, 1961.
Similarly, for various procedural aspects connected with the smooth operation of the Income Tax Act, the government has also notified Income Tax Rules, 1962. Various provisions of the Income Tax Law find their place in the form of rules and forms in the Income Tax Rules, 1962. |
