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1 FORM NO. 3CM Order of approval of in-house Research and Development facility under section 35(2AB) of the Income-tax Act, 1961 1. Name, Address and PAN of the company. 2. Nature of the business
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What is the income tax act?
The income tax act is a legislation that lays out the rules and regulations concerning the taxation of income in a particular country.
Who is required to file the income tax act?
Individuals and entities that earn taxable income are required to file the income tax act.
How to fill out the income tax act?
To fill out the income tax act, taxpayers need to report their income, deductions, and other relevant financial information on the designated tax forms as per the guidelines provided by the tax authorities.
What is the purpose of the income tax act?
The purpose of the income tax act is to establish a legal framework for the collection of income taxes in order to fund government activities and public services.
What information must be reported on the income tax act?
Typically, taxpayers are required to report their total income, including earnings from employment, investments, and other sources, as well as deductions, credits, and any relevant financial transactions.
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