Addressing said subject, the writer will brief about the scope covered by the department and clauses/sections enumerated in the statute, i.e., Income Tax Act, 1961 (Act).
It is governed by the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and licensed under the Companies Act, 1956.
Self-certified copy of the Registration Certificate obtained from the appropriate authority, i.e., Registrar of Companies (ROC) or Registrar of Firms and under Societies Act or Registrar of Public Trusts, as the case may be.
An income certificate acts as proof of an individual's earnings required to be submitted for receiving various benefits introduced by the government for the welfare of the citizens.