Description
Paying Income tax is a compulsory obligation imposed by the government on taxable income of all individuals, companies, LLPs, associations, HUFs (Hindu Undivided families) & all bodies of individuals working either as joint organisation or as artificial judicial person. It is the main source of government revenue levied as direct tax on earnings. In India, the tax department being administered by Central Board of Direct Taxes (CBDT) working under Ministry of Finance defines all basic rules of Income Tax Filing.
