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The Income Tax Act was enacted in the year 1961 and is the statute under which everything related to taxation is listed. This includes levy, collection, administration and recovery of income tax.

When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. On Nov. 27, 1885, an astronomer made the first known photograph of a meteor. The picture ...

Two college freshmen conspire to simultaneously dump their exes in Jordan Weiss’s unremarkable debut feature. By Jeannette Catsoulis The political turmoil of Peru in the 1990s serves as the ...