Income tax/ tax/ Income tax law/ Tax law/ Income tax law in India/ Best law firm in Coimbatore/ Best advocates in Coimbatore/Best law service in Coimbatore/ Best legal consultation in Coimbatore/ Best legal services in Coimbatore/ Best lawyers in Coimbatore/ Online legal consultation. India's income tax law is governed by the Income Tax Act, 1961, which is the primary legislation that regulates the taxation of income in India. The Income Tax Act outlines the rules and regulations related to the calculation, assessment, and payment of income tax for individuals, Hindu Undivided Families (HUFs), companies, firms, associations of persons (AOPs), the body of individuals (BOIs), and other entities. Some key provisions of India's income tax law include: →Classification of income →Tax rates →Deductions and exemptions →Taxation on capital gains →Taxation of Business and Profession →Assessment and Filing of Returns →TDS (Tax Deducted at Source) and Advance Tax →Dispute Resolution Indian Income tax is a direct tax that a government levies on the income of its citizens. It consists of 298 sections and 14 schedules. The act helps determine a taxpayer's taxable income, tax liability, appeals, penalties, and prosecution. We at Saanvika Legal Associates offer various legal services such as Trust deed, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property, registration, Getting nocs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.