Category: Direct Tax

use these banks’ accounts to pay income tax on the TIN NSDL website.

Posted on By Chandan Tiwari No Comments on use these banks’ accounts to pay income tax on the TIN NSDL website.

If you pay income tax online, make sure the bank where you have an account has changed or migrated its Tax payment facility route. This is because the new income tax e-filing portal has begun accepting tax payments through the service of e-Pay Tax window on its own portal. Customers of specific banks who have…

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Direct Tax, File Your Income Tax Return, Income Tax, Interest rates, Marketing, Media

HOW IS INDIA’S TAX SYSTEM STRUCTURED TODAY

Posted on By Chandan Tiwari No Comments on HOW IS INDIA’S TAX SYSTEM STRUCTURED TODAY

The constitution divides taxation powers between center and states. Both levels of government have some exclusive areas where they can levy tax. Income tax, which includes tax on company profits, is the exclusive domain of central government. These taxes are referred to as direct taxes. Indirect taxes are taxes levied on manufacture of goods, provision of…

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Central Government, Direct Tax, Income Tax, Marketing, Media, State governments