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| Definition | : | Income Tax |
| Category | : | Governmental » Rules & Regulations |
| Country/ Region |
: | India
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| Popularity | : |
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| Type | : |
Initialism
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Income Tax (IT) refers to annual taxes levied by the government on individual and business income. The process of filing tax returns to the Income Tax (IT) department is called the Income Tax Return (ITR).
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The full form of IT is Income Tax