Author: TAXFINN

direct tax

What Is Direct Taxes?

India’s tax system is a combination of direct and indirect taxes, governed by both central and state authorities. The Constitution of India divides the powers to levy taxes between the central and state governments, ensuring a balanced distribution of revenue sources. Direct Taxes Direct taxes are those paid directly to the government by individuals and organizations.

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GST SERVICES

TAXATION SYSTEM IN INDIA

TAXATION SYSTEM IN INDIA INTRODUCTION Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens. The authority of the government to levy tax in India is derived from the Constitution of India, which allocates

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