Tag: income tax

Taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. Depending on the jurisdiction, revenue services may be charged with tax collection, investigation of tax evasion, or carrying out audits.So If you are registering your company or business entities then take permission from tax authorities for following […]

Direct Tax Code vis-à-vis Income Tax Act,1961 Direct Tax: Direct tax is the tax which is charged directly on the tax payer.  In other words direct tax is that tax that is deducted from one’s salary. In the general sense, a direct tax is one paid directly to the government by the persons on whom […]