Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
In India, Income tax is levied by the Central Government and the State Government. Some minor taxes have to be paid by people belonging to a particular region such as Municipal Taxes. This imposition of the tax is derived from the Constitution of India which allocates different taxes between Central and State. Income Tax authorities permit all individuals, organizations to self-assess their income and pay taxes if they are eligible. Sometimes due to fraudulent activities by individuals or organizations, the tax authority has vested the power to conduct surveys and raids.
These raids are made considering facts and information, Income, Annual reports, the Income-tax return filed by the Individual or entity, through the payment of debit and credit card, and a network of informants. If a person systematically plans his income and expenditure and pays tax regularly, he need not worry about it.
Get Advisory on call.
Also, Read: TDS Penalty in India
Artificial intelligence, or AI, is rapidly changing the image of the financial sector. Banks, N...
India and the United Arab Emirates (UAE) have a long and expanding trade relationship. Trade fl...
The International Financial Services Centres Regulatory Authority (IFSCA) is the country's firs...
Reserve Bank of India (Co-Lending Arrangements) Directions, 2025, issued by the Reserve Bank of...
The Alternative Investment Fund (AIF) market in India is expanding, and there is a need to intr...
Are you human?: 5 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Introduction A recent order of the Honourable Allahabad High Court has clarified that mere digitally si...
10 Sep, 2022
There are different sections under the Income Tax Act which puts a limitation on the usage of cash. Some sections c...
13 Sep, 2022