Hassle Free
Statutory Compliance
India has a well developed tax structure
with a three-tier federal structure, comprising
the Union Government, the State Governments
and the Urban/Rural Local Bodies. The power
to levy taxes and duties is distributed
among the three tiers of Governments, in
accordance with the provisions of the Indian
Constitution.
• Union Government is primarily
responsible for imposing taxes on income,
custom duties,
central excise and service tax.
• State Government is responsible
for levying taxes like State Excise, stamp
duty,
VAT (Value Added Tax), land revenue and
professional tax.
• The local bodies are
also authorized to impose tax on properties,
octroi and many more.
Direct Taxes
The Tax whose burden can
not be shifted from the assessee to other
person is known as Direct Tax. The assessee
himself has to borne it totally. Eg- Income
Tax, Wealth Tax.
Tally.ERP 9 supports the
following direct taxes:
• TDS
• TCS
• FBT
Indirect Taxes
The Tax whose burden can
be shifted from the assessee to other person
is known as Indirect Tax. Eg- VAT, CST,
Service tax, Excise Duty, Custom Duty etc.
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