If you aim to raise your taxation law assignment game without help this upcoming semester, it is significant to have in-depth knowledge of the types of taxes that exist in India. Every country has its taxation structure, and India is no exception.

We do get it that you lack the time and patience to delve deep into this world. Hence, we are at your aid. In today’s comprehensive post, we have mentioned different types of taxes under the Indian tax system. Whether you aim to dazzle your professors with your exemplary assignments or pursue a thriving career in the field, these vital terms will always come in handy.

• Direct Taxes

A close look at brilliant legal case study examples will help you understand direct taxes demonstrate the tax directly paid by the taxpayer to the government. The Central Board of Direct Taxes overlooks the direct tax of India. Types of direct taxes are-

• Income Tax

According to India's top PhD law thesis writers, this tax entails taxing an individual's income generated through various sources like salary, investments, property, business, etc.

Other tax types that come under the direct tax category are wealth tax, gift tax, estate duty, capital gains tax, prerequisite tax, expenditure tax, fringe benefits tax, securities transaction tax, and the like.

• Indirect Tax

Mike Anderson, a stalwart who caters to requests like 'Make my taxation law essay writing for me in India', asserts that taxes imposed on products and services when bought and sold are called indirect taxes in India. The sellers of the products or services accumulate these taxes under the Indian Tax System.

• Goods & Services Tax

The GST is an indirect tax that clubs together various indirect taxes in India like VAT, service tax, excise duty, etc. This kind of tax is levied on the supply of services and goods sold for domestic consumption in India.

Other kinds of taxes that come under the indirect tax category are securities transaction tax, dividend distribution tax, property tax, professional tax, entertainment tax, registration fees, stamp duty and transfer tax, education cess, entry tax, road tax and toll tax.

These are crucial types of tax that every student pursuing taxation law is expected to know and comprehend in India. If you still face difficulties to get the hang of these crucial concepts, then seeking taxation law assignment help online will provide you with the required edge in your career.

Reference- https://wiwonder.com/read-blog/37751