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Volume : I, Issue : II, March - 2011 Income Tax Problems & Recommendation S. A. Palande DOI : 10.9780/22307850, Published By : Laxmi Book Publication Abstract : Tax is a central Subject. Income tax on all
types of income other than agricultural income is
charged and collected by the central Govt.
However , a certain percentage of the net proceeds
is distributed among the states according to the
principles, laid down by the finance commission .
The income tax Act 1961, has been brought into
force with effect. From 1 April 1962. It applies to
the whole of India. ( including Jammu & Kashmir
) Since then several amendments of far reaching
nature have been made in the income tax Act. By
the Finance Act. of every year. Besides this
amendments have also been made by various
amendments Acts. As a matter of facts, the
income tax Act 1961 which came in to force on 1
st April 1962 has been amended. And reamended
more often and more drastically during the fifty
years of it's existence. Keywords : Article : Cite This Article : S. A. Palande, (2011). Income Tax Problems & Recommendation. Indian Streams Research Journal, Vol. I, Issue. II, DOI : 10.9780/22307850, http://oldisrj.lbp.world/UploadedData/74.pdf References : - A view from outside P. Chidambaram. page No. 200 to 205
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