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Taxes in India are levied by the Central Government and the State Governments. Some minor taxes are also levied by the local authorities such the Municipality or the Local Council. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Centre and the State. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law." Therefore each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature. Central Board of Direct TaxesThe Central Board of Direct Taxes (CBDT) is a part of the Department of Revenue in the Ministry of Finance, Government of India. The CBDT provides essential inputs for policy and planning of direct taxes in India and is also responsible for administration of the direct tax laws through Income Tax Department. The CBDT is a statutory authority functioning under the Central Board of Revenue Act, 1963. its not true though From Wikipedia under the
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 news.google.com Noozhawk Another key element shaping the mess in Sacramento is California's boom-and-bust taxation system, which results in huge annual shifts in tax collections. ... and more » news.google.com Economic Times One reason is that because Islamic NBFCs work on lease-transaction and hire-purchase model, there is double taxation of benefits. In 2006, an RBI committee ... and more » news.google.com Vero Beach Press-Journal (subscription) By reader submitted Taxation without representation.That's what incited our brave predecessors to revolt, and subsequently develop this country into the ... and more » From Google News Search: "Taxation in India" Double taxation treaties between India & Spain? Q. I am paid by an Indian company for consultancy services, but I am registered as self employed and live in Spain. When I submit my invoice each month the Indian company is deducting taxes in India. The Spainish Government indicate that they should not be doing this and that they will not honor any tax certificate. That taxes need to be paid in Spain if I reside in Spain. The Indian company say that they have to deduct these taxes in India and at the end of the financial year they will provide a certificate. This is causing many problems this way. Is it correct that they have to deduct taxes in India? Asked by Michelle - Tue Aug 25 08:42:05 2009 - - 1 Answers - 0 Comments A. I think so. If you really want to know about the treaty you have to ask at the Indian consulate. But, if you are resident in Spain you are, strictly speaking, working there. But you are being paid in India. Have you made a contract with the Indian company? Which currency do they use? If they pay you directly in Spain, Treaten them to be reported to the Indian government. Answered by The Rugby Player - Thu Aug 27 10:44:26 2009 How to file tax return in US and claim refund of excess tax deducted from salary, both in India and aborad? Q. Query: They have deducted tax for my indian salary component when i was onsite, both in US and in India. Should i file a tax return in US? How to claim the double taxation benefit in India when i file my return in India? Thanks Asked by Ram - Sat Mar 1 01:14:11 2008 - - 1 Answers - 0 Comments A. You need to determine if you are a US resident for tax purposes or not. You need to allocate your income as US-source (any days you worked in the US). India Income that residents of India receive for performing personal services in the United States during the tax year as independent contractors or self-employed individuals (independent personal services) is exempt from U.S. income tax if the residents: Are present in the United States for no more than 89 days during the tax year, and Do not have a fixed base regularly available to them in the United States for performing the services. If they have a fixed base available, they are taxed only on income attributable to the fixed base. Income that residents of India receive for… [cont.] Answered by the tax lady - Sat Mar 1 02:43:22 2008 is there any specilization course in taxation offered by institutes / universities in india / hyderabad?
Q. is there any specilization course in taxation offered by institutes / universities in india / hyderabad? Asked by rshri - Wed Jun 11 10:09:25 2008 - - 1 Answers - 0 Comments A. There is no particular subject called Taxation , it's just a part of several Degrees. For instance CA , if you intend to finish CA , taxation is one of the subjects . Answered by Varun - Wed Jun 11 10:20:48 2008 From Yahoo Answer Search: "Taxation in India" |
The Guardian - The Tax Gap
TaxPolicy.com
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