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Taxation

Taxation

Direct Taxation
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Obligatory fees levied on individuals or corporations and enforced by a government entity - whether local, regional or national - in order to finance government activities are called a tax. In economics, taxes fall on whomever pays the burden of the tax,

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Indirect Taxation
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Involuntary charges levied on individuals or businesses and enforced by a government agency— whether local, regional, or national — to finance government operations are called taxes. In economics, taxes are levied on whoever bears the tax burden, be i

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Audit & Assurance
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There are various forms of audit conducted under various laws such as statutory audit, tax audit, cost audit, stock audit, compliance audit, etc. As per income tax law, it also mandates audit called tax audit, as the name itself suggests.

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TDS Return
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TDS know as a Tax deduction at source. This comes under the direct tax, as per the Income Tax Act 1961; Any Company, LLP, Firm or individual should deduct TDS before paying any amount to the payee if payment exceeds a certain threshold limit. Any payment

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