Income tax: statutory levy on individuals' income under the Income-tax Act, governing taxation obligations and compliance. Income-tax is a statutory levy imposed by the Government on the income of every person; the governing provisions are set out in the Income-tax Act, 1961, which defines taxable income, persons chargeable, and the legal framework for assessment, collection and compliance.
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Provisions expressly mentioned in the judgment/order text.
Income tax: statutory levy on individuals' income under the Income-tax Act, governing taxation obligations and compliance.
Income-tax is a statutory levy imposed by the Government on the income of every person; the governing provisions are set out in the Income-tax Act, 1961, which defines taxable income, persons chargeable, and the legal framework for assessment, collection and compliance.
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