Tax structure in indiais a three tier federal structure the central government state governments and local municipal bodies make up this structure article 256 of the constitution states that no tax shall be levied or collected except by the authority of law. India has a well developed and a continuously evolving tax structure drawn from the constitution of india which allows the central and the state governments to levy taxes the central board of. Tax in india a detailed analysis of indian tax system tax structure in india taxation on foreign entities stakeholders etc direct and indirect taxation in i. Taxation in india is rooted from the period of manu smriti and arthasastra present indian tax system is based on this ancient tax system which was based on the theory of maximum social welfare. Taxes in india are levied by the central government and the state governments some minor taxes are also levied by the local authorities such as the municipality the authority to levy a tax is derived from the constitution of india which allocates the power to levy various taxes between the central and the state an important restriction on this power is article 265 of the constitution which
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