What Is The Meaning Of Income

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Posted on February 18, 2019 at 15:14 PM

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You Can Save This Videos Meaning and Features of Income Under section 2 ( 24 ) in Hindi / Income Tax Act

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What is income tax? definition and meaning ...
Annual charge levied on both earned income (wages, salaries, commission) and unearned income (dividends, interest, rents).In addition to financing a government's operations, progressive income taxation is designed to distribute wealth more evenly in a population, and to serve as automatic fiscal stabilizer to cushion the effects of economic cycles. Its two basic types are (1) Personal income ...
Income tax definition and meaning | Collins English Dictionary
Income tax is a part of your income that you have to pay regularly to the government.
Assessee - Meaning - S. 2(7) Income Tax: Normal ...
Definition of ‘Assessee’ – Section 2(7) of Income Tax. As per S. 2(7) of the Income Tax Act, 1961, unless the context otherwise requires, the term “assessee” means a person by whom any tax or any other sum of money is payable under this Act, and includes-

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