Longest game in major league history. The longest game, by time, in major league history was played on May 8 and 9, 1984 in Chicago. The Milwaukee Brewers and Chicago White Sox played seventeen innings on May 8 before the game was suspended with the score 3-3. The next day, the game was resumed before the regularly scheduled game.
The Income-tax Act, 1961. The Income-tax Act, 1961 is the charging Statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the Direct Taxes Code intended to replace the Income Tax Act,1961 and the Wealth Tax Act, 1957.
The Income Tax Act contains a series of rules that may have income tax consequences for the person receiving the loan from the company. In the context of this article, the term loan means any form of debt the shareholder or family member has to the corporation.