 | |
| Submitted | 28 February 2013 |
|---|---|
| Submitted by | P. Chidambaram, Finance Minister |
| Party | INC |
| Website | http://www.indiabudget.nic.in Official Site |
‹ 2012 | |
The 2013 Union Budget of India was presented by Finance Minister, P. Chidambaram on 28 February 2013, 11 AM. [1]
Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10(1) of the Income-tax Act, 1961. Income-tax law consists of the 1961 act, Income Tax Rules 1962, Notifications and Circulars issued by the Central Board of Direct Taxes (CBDT), annual Finance Acts, and judicial pronouncements by the Supreme and high courts.
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