Professional Documents
Culture Documents
TAXATION IN INDIA
TYPES OF TAXES IN INDIA
DIRECT TAXES
Income tax
Wealth tax
Property tax etc.
INDIRECT TAXES
Sales tax
Vat
Excise duty
Custom duty etc.
In Accordance With The Constitution Of Indian
Government
The Main Taxes/Duties That The Union
Government Is Empowered To Levy
• INCOME TAX (except tax on agricultural income, which the
State Governments can levy),
• Stamp Duty
• State Excise
• Land Revenue
• Octroi
LOCAL BODIES EMPOWRED LEVY
TAXES ON
Property
Expenditure
User charges
Procedure of payment of taxes
Types of Payment Rate
Interest
Royalties*
Technical service fee* 10%
•
-Excise duty is an
indirect tax levied
and collected on
goods
manufactures in
india .
• WHO IS RESPONSIBLE TO PAY EXCISE
DUTY TO THE GOVERNMENT
• EXPORT OF GOODS
RULES
• Custom Valuation Rules,1988 For Valuation
Of Imported Goods That Calculates The
Custom Duty Payable
• Addition duty
• Anti-dumping duty
• Export duty
• Protective duty
What Is Instant Online Custom Duty
• Instant Online Custom Duty Is An Product
For Online Payment Of Taxes And
Expenses Developed Jointly By Bank Of
China And The Custom.
Advantages And Characteristics Of Online
Instant Custom Duty
Enterprise online
payment
Bank withholding
Custom examination
Tariff is transferred to And clearance
Treasury or customs Bank checks tariff
Bank deduction
succeeds
WHAT IS SALES TAX?
Input tax
HOW SALES TAX REGISTERED
Consumer
Wholesaler
Whose Income
Income Of Every Person
Payable By Whom?
Payable By Assessee
Income Of What Period
Income Of “Previous Year”