Taxation

Tax Authorities & Power | Tax Returns | Permanent Account Number | Collection & Recovery | Types of Assessment | Time Limit for Assessment | Payment of Income Tax | Tax Information Network (TIN)

Definition | Taxable Heads of Income | Types of Assessment | Tax Benefits - Deductions, Rebates & Donations | Filing of Income Tax Return (Sec. 139) | Tax upon Capital Gains | Save Tax Through Investments | Income Tax Rates/ Slab 2008-09 | Who, When & How to Pay IT | Clubbing Provisions | Tax Planning | Appendix

Introduction | Corporate Taxable Income | Assessment and rate of tax | Minimum Alternative Tax (MAT) | Depreciation, set-off, carry forward | Tax on Distributed Profits | Rebates and allowances for the corporate sector | Tax Holiday in Free Trade Zones

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)

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.

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.

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.

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.

The rebates, allowances, incentives applicable while paying tax. Includes different sections for individual and corporate tax.