Taxation
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Who has the power to levy and collect sales tax ?
Principles related to sales tax, interstate trade and commerce are also
there. Also tells what is a sales tax ID number. Click for Value Added Tax (VAT) |
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A milestone achieved only in four years on April 1,
2005. Launching VAT in India, the country joined the school of 123
countries worldwide which started in UK in 1973 to bring out uniqueness
and uniformity in tax system. |
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Gives information on who is liable to pay excise duty ?
and what types of Excise duties are levied in India. Where and when they
are applied. |
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Introduces to Customs duty prevailing in India. Tells
about the restriction on imports and exports, what is legal and what is
not ? Information on the baggage rules, import and export by post and
tariff valuation of exported items. |
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What is capital gains tax ? Defines long term and short
term capital gains. Lists the rates and concessions offered. Also a
category relating to NRI capital gains. |
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The rebates, allowances, incentives applicable while
paying tax. Includes different sections for individual and corporate
tax. |