what are different forms of taxes in India.... plz tell me fast
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There are two types of taxes namely, direct taxes and indirect taxes. The implementation of both the taxes differs. You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc.
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India has two types of taxes, namely Direct Tax and Indirect Tax. There are many taxes in India.
- Direct Taxes comprise taxes that you pay directly to the government.
- Income Tax came into force with the Income Tax Act of 1961.
- Gift Tax.
- Wealth Tax.
- Securities Transaction Tax.
- Corporate Tax.
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