Taxation in India: What is the importance of direct and indirect taxes?


For decades, taxation has been the key source of revenue for governments all across the world, including India. The country has a well-structured tax system that employs both liberal and progressive taxation depending on income and other criteria, with the national and state governments determining the rates.  Tax income is the money received by the government and can be used for a variety...

Indian taxation system and its drawbacks


The subject of taxation in India is such that the very mention of the word is sufficient to bring up a really mixed bag of opinions. The other notable thing being, how wildly these opinions will oscillate between the well informed and the ill-informed. But yes, you just cannot escape the fact that everyone will have their own opinion on this somewhat complicated and often misunderstood subject...

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