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Dec 21, 2024
Income Tax Department
Coming specifically to India it is worth mentioning that this nation has its government agency known as the Income Tax Department of India, which specialises in the management and administration of collection, assessment, and compliance of income tax. The department is also very useful in the economy as it facilitates efficient management among others such as collection of taxes, encouragement of tax remittance amongst especially non-compliant citizens, services such as issue of PAN cards, registration of taxes, and even offers opportunities for employment within the department.