WebMajor taxation related reforms introduced in recent times; Trend of tax collection in India; Issues associated with taxation system in India; Measures suggested/recommendations made to address issues associated with taxation system in India; Indian financial system: Commercial Banking system. Historical evolution of banking system in India ... WebState Government: Tax on agricultural income, professional tax, value-added tax, state excise, stamp duty. Local bodies: property tax, water tax, drainage and other taxes on minor services. 3. Types of Taxes There are mainly two types of taxes - 3.1. Direct Tax This tax is levied directly on the taxpayer.
STUDY OF LITERATURE REVIEW ON GOODS AND SERVICES TAX …
Web10. ITRs filed after 31st July 2024 need to be verified within 30 days. Refer to Directorate of System's notification no 05 of 2024 dated 29th July, 2024. 11. The Online return form … WebCorporate taxes (33.99%) Other taxes (2.83%) Excise taxes (20.84%) Customs duties (17.46%) Other taxes (8.68%) Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined in Section 10 … pippa halley
2. Income Tax Slab Rates For FY 2024-23 (AY 2024-24)
Web1 feb. 2024 · In the new tax regime, the basic tax exemption limit was Rs 2.5 lakh irrespective of the age of the taxpayer till FY 2024-23. Income tax slabs for senior … Web10 jan. 2024 · * Advance Tax collections for the FY 2024-23 stand at Rs. 5,21,302 crore as on 17.12.2024 which shows a growth of 12.83% * Net Direct Tax collections for the FY 2024-23 have grown at over 19.81% * Refunds aggregating to Rs. 2,27,896 crore have been issued in the current fiscal Web1 feb. 2024 · Indian taxes have undergone numerous revisions, but it is still a long way from being an ideal taxation system. Many issues, such as tax evasion, reliance on indirect … haiti map in 1804