The Tax system in India is mainly a three tier system which is authorizes the Central, State Governments and the local authorities to impose taxes on goods, services, property, business tax in India etc. Taxes are the basic source of revenue to the Government using which it provides various kinds of services to the tax payers. Taxation majorly includes Direct and Indirect Taxes.
Taxation Law in India covers all the policies, rules regulations governing the taxation process in the country. These include taxes such as income tax, sales tax, tax on foreign company, withholding tax, tax residency certificate, excise registration tax, service tax registration, employee tax, tax on foreign company, corporate tax, import duty, transfer pricing etc. Most of these taxes are levied by the government at the Centre and the States. A Taxation lawyer will be able to defend you if a tax authority accuses you of under-reporting your taxes, and if you are in violation of any tax law. Consult Our legal Experts for Issues about Income Tax, Service tax advice, planning, appeals,VAT, FEMA, tax appeals before courts, tribunals,corporate law and Etc.
Income tax refers to annual taxes levied by the federal government and most state governments on individual and business income. By law, businesses and individuals must file federal and state income tax returns every year to determine whether they owe taxes. Governments use the taxes they collect to fund their activities. Income tax is applied to both earned income (wages, salaries and commission) and unearned income (dividends, interest and rents).
CAPITAL GAINS TAX
This is a Tax that is payable whenever you receive a sizable amount of money. It could be from an investment or from the sale of a property. It is usually of two types, Short Term Capital Gains from investments held for less than 36 months and Long Term Capital Gains from investments held for longer than 36 months.
Corporate Tax is the Income Tax that is paid by companies from the revenue they earn. This Tax also comes with a slab of its own that decides how much tax the company has to pay. For example a Domestic Company, which has a revenue of less than rs. 1 crore per annum, won’t have to pay this tax but one that has a revenue of more than rs. 1 crore per annum will have to pay this Tax. This Tax is one of the major sources of revenue for government.
Aequitasjuris Law Firm has Taxation Lawyers in India, Taxation Lawyers in Delhi and Taxation Lawyers in Hyderabad. Our law firm lawyers will defend your case before the income tax authorities, Income Tax Tribunals , in the High Courts and in the Supreme Court of India.
ANY DISPUTE AROSE IN RESPECT OF DIRECT TAXES AS MENTIONED BELOW PLEASE CONTACT OUR LAW FIRM FOR LEGAL ADVICE, ASSISTANCE FOR TO FILE A CASE OR TO DEFEND THE CASE BEFORE THE AUTHORITIES, TAX TRIBUNALS, HIGH COURTS OR SUPREME COURT OF INDIA.
- Corporate Tax
- Income Tax
- Wealth Tax
- Gift Tax
- Expenditure Tax
- Interest Tax
- Securities transaction Tax
- Perquisite Tax
- Banking cash transaction Tax