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). WebPENALTIES BY LATE RECORDING BY TAX TAKINGS. AMPERE. For late filing of Tax Returns with Tax Due to be paid, the following penalties bequeath be imposed upon filing, in addition to the tax due: Tax Returns with Tax Due to be paid, the following penalties bequeath be imposed upon filing, in addition to the tax due:
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Income Tax Department - Wikipedia
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