2023 2024 EduVark > Education Discussion > General Discussion


  #2  
January 19th, 2016, 04:51 PM
Super Moderator
 
Join Date: Mar 2012
Re: Tax system

Taxes in India are levied by the Central Government and the state governments

Some minor taxes are also levied by the local authorities such as the Municipality.

The Department of Revenue of the Finance Ministry of the Government of India is responsible for the computation

Taxes Levied by the Central Government of India
Direct Taxes

• Banking Cash Transaction Tax
• Capital Gains Tax
• Corporate Income Tax
• Fringe Benefit Tax
• Personal Income Tax
• Securities Transaction Tax
• Indirect Taxes
• Customs Duty
• Excise Duty
• Service Tax


Taxes Imposed by the State Governments
• Dividend Tax
• Endowment Tax
• Estate Tax
• Gift Tax
• Flat Rate Tax or Flat Tax
• Fuel Tax
• Inheritance Tax
• Transfer Tax
• Payroll Tax
• Poll Tax
• S. E. T. or Self Employment Tax
• Social Security Tax
• Usage Tax
• Value Added Tax or Sales Tax
• Wealth Tax


Tax Incentives in India
• Allowance for accelerated depreciation
• Corporate profit
• Certain expense deduction on the basis of some particular conditions
• A tax incentive is available for any fresh investment in any of the below mentioned sectors
• Companies involved in Research and Development
• Development of housing projects
• Development by undertakings
• Food processing industry
• Infrastructure
• Mineral oil production and refining
• Operating industrial places
• Organisations handling food grains
• Power distribution
• Hospitals located in the rural areas


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5. The time now is 05:57 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
Content Relevant URLs by vBSEO 3.6.0

1 2 3 4 5 6 7 8