{"id":9,"date":"2017-01-27T15:56:22","date_gmt":"2017-01-27T15:56:22","guid":{"rendered":"http:\/\/www.ca-arunkumar.com\/auditor\/?page_id=9"},"modified":"2024-02-03T17:25:33","modified_gmt":"2024-02-03T17:25:33","slug":"taxation","status":"publish","type":"page","link":"http:\/\/www.ca-arunkumar.com\/auditor\/taxation\/","title":{"rendered":"Taxation in India"},"content":{"rendered":"<p>We at <a href=\"http:\/\/www.arunkumarandassociates.com\/\">Arunkumar and Associates<\/a>, Chartered Accounts,\u00a0 provide the following taxation advisory service.<\/p>\n<ol>\n<li>\n<p><strong>Direct Taxes:<\/strong><\/p>\n<ul>\n<li><strong>Income Tax:<\/strong> Individuals and businesses are liable to pay income tax based on their earnings. The rates vary for different income slabs.<\/li>\n<li><strong>Corporate Tax:<\/strong> Companies are subject to corporate income tax, and the rates can differ for domestic and foreign companies.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Indirect Taxes:<\/strong><\/p>\n<ul>\n<li><strong>Goods and Services Tax (GST):<\/strong> Implemented in 2017, GST is a comprehensive indirect tax levied on the supply of goods and services at each stage of the production and distribution chain.<\/li>\n<li><strong>Customs Duty:<\/strong> Applied on the import and export of goods.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Other Taxes:<\/strong><\/p>\n<ul>\n<li><strong>Excise Duty:<\/strong> Levied on the manufacture of certain goods.<\/li>\n<li><strong>Service Tax:<\/strong> Applicable on specific services, although GST has largely replaced service tax.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Tax Deducted at Source (TDS):<\/strong><\/p>\n<ul>\n<li>TDS is a mechanism to collect income tax at the source from specified payments like salaries, interest, dividends, etc.<\/li>\n<\/ul>\n<ul>\n<li>\u00a0<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Capital Gains Tax:<\/strong><\/p>\n<ul>\n<li>Tax on the profits made from the sale of capital assets such as property, stocks, or other investments.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Goods and Services Tax (GST):<\/strong><\/p>\n<ul>\n<li>As mentioned earlier, GST is a comprehensive tax on the supply of goods and services. It has replaced several indirect taxes.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Tax Filing:<\/strong><\/p>\n<ul>\n<li>Individuals and businesses are required to file income tax returns annually, providing details of their income, deductions, and tax liabilities.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<p>It&#8217;s important to note that tax laws and rates may change, so it&#8217;s advisable to check with the latest updates from the official website of the Income Tax Department or consult with a tax professional for the most current information.<\/p>\n\n\n<p><a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/transfer-pricing\/\" title=\"Transfer Pricing Consulting Made Easy for Domestic and International Companies\">Transfer Pricing <\/a>| <a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/erp-consulting\/\" title=\"ERP Consulting\">BaaN Consulting<\/a> |<a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/taxation\/\" title=\"Taxation\">TDS Filing<\/a> | <a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/other-services\/\" title=\"Other Services\">Company Formation<\/a> | <a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/other-services\/\" title=\"Other Services\">STPI Registration<\/a> |<a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/other-services\/\" title=\"Other Services\">GST Registration<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We at Arunkumar and Associates, Chartered Accounts,\u00a0 provide the following taxation advisory service. Direct Taxes: Income Tax: Individuals and businesses are liable to pay income tax based on their earnings. The rates vary for different income slabs. Corporate Tax: Companies are subject to corporate income tax, and the rates can differ for domestic and foreign &hellip; <a href=\"http:\/\/www.ca-arunkumar.com\/auditor\/taxation\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Taxation in India<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-9","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/pages\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/comments?post=9"}],"version-history":[{"count":11,"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/pages\/9\/revisions"}],"predecessor-version":[{"id":162,"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/pages\/9\/revisions\/162"}],"wp:attachment":[{"href":"http:\/\/www.ca-arunkumar.com\/auditor\/wp-json\/wp\/v2\/media?parent=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}