Legal history of income tax in the United States adopted an income tax modeled on the tax instituted in England. The British theory was that you tax the income from property, and not the property itself; thus, sales of property were not subject to taxation. In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861. Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. This tax was repealed and replaced by another income tax
Income tax return (India) u/s 234F shall be levied if return is filed after the due date by any assessee. " As per the new law from this year, Individuals will have to pay late fee after last date to file income tax return But, there is relief to small taxpayer, IT Department has stated if your total income does not exceeds 500,000 , then maximum penalty of Rs 1000 will be levied on delay of ITR filing. ITR-1 govind form is an essential x form|Income Tax Return form]] for Indian citizens filing their tax returns with the Income Tax Department. This form is