Taxation procedure in India is based on the various Tax laws passed by Indian parliament. These taxes are levied by Central and State government and certain minor taxes by Local Municipal authority.
Taxes are mainly categorized into Direct taxes and Indirect taxes.
While Direct Tax is a Federal levy, Indirect Tax comprises of both Federal and State levies. Direct tax primarily comprise of income tax, wealth tax, capital gain tax on individuals and corporate tax on companies. Indirect taxes are primarily levied on transactions relating to goods and services such as Sales tax, Service tax, Excise duty, Customs, Octroi, VAT, LBT etc.
Our tax law practice involves consultancy & litigation related to tax issues. We consult corporate clients on details of tax laws to add value to their business. By understanding legal implications before making tax planning decisions an individual or business can keep its financial integrity and reputation intact.
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