WebJul 28, 2024 · People in India try to evade tax by some illegal means or by taking the benefit of some loopholes in the Indian tax system. Tax evasion is the term for the efforts by … WebMoney portal. v. t. e. The Income Tax Department (also referred to as IT Department or ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
Corporate Tax in India - Overview, Rates & Tax Liability - ClearTax
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