The Indian Income Tax Its History Theory And Practice
The book The Indian Income Tax Its History Theory And Practice was written by author Shankar Madhav Pagar Here you can read free online of The Indian Income Tax Its History Theory And Practice book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Indian Income Tax Its History Theory And Practice a good or bad book?
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3 In 1912, the Punjab Financial Commissioner deci- ded to the same eflfect that if any transaction, a lancl sale or any other, involves profit, such profit can be taxed to the incom tax, even when it may have been . I The New Act defines "charitable purpose - as including relief of the Poor, education, medical relief, and the advancement of any other object of general public utility. 2 Trienniel Report, Bengal 1914 p. 1. 3 Madras Triennial Report 1902 p. 3 THE TAXABLE MINIMUM. 83 expended on an... educational purpose. ^ Evidently the income, before it has been received by an educa- tional institution, is not regarded as exempt. It should be noted here that although the colle- ctive income of a Missionary Board or a temple is exempt from the taxj not so the incomes or salaries received by individuals from these or similar institu- tions, 2 With regard to the third category, namely the exemption of incomes 6f Military officers the Indian Law follows the Continental rather than the English practice.
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