Income in the United States Current Affairs, GK & News

Agricultural income (Taxation Provisions)

Section 2 (1A) of the Income Tax Act defines agricultural income as rent/revenue from land, income derived from this land through agriculture and income derived from buildings on that land. Section 10 (1) of the Income Tax Act excludes agricultural income from a computation of total income. Neither of these sections is dispute-free and chartered ..


Gender Wage disparity in India among the worst in the world: ILO

As per the Global Wage Report 2016-17 released by the International Labour Organisation (ILO), India has the worst levels of gender wage disparity with the gap exceeding 30%. In India, men were found to earn more than women in similar jobs.  In India, women formed only 60% of the lowest paid wage labour and comprise ..