What Is the Full Form of DRP in Income Tax?
The DRP Full Form In Income Tax is Dispute Resolution Panel. Established by the Central Board of Direct Taxes (CBDT) in India under Section 144C of the Income Tax Act, 1961, the DRP is designed to address disputes between taxpayers and the income tax department. This panel is composed of three commissioners who review complaints…
continue reading
What Is The Full Form Of WEF In Income Tax?
The WEF full form in income tax is the World Economic Forum. This independent organization operates globally and was established through a collaboration between the public and private sectors. The World Economic Forum brings together influential leaders from politics, business, culture and various other fields to discuss and formulate strategies on global, regional and business…
continue reading
What Is the Full Form of HEC in Income Tax?
The HEC full form in income tax is Health and Education Cess. This additional tax was introduced by the Indian government to supplement the regular income tax that individuals and companies are required to pay. The 4% Health and Education Cess, implemented in the 2018 Union Budget, replaced the previous 3% education cess. Its primary…
continue reading