Tax is a word or must say a phenomenon which at one time or other has given shock wave to all.
However, a proper planning of the same can land you in a rich soup of esteemed self financial satisfaction.
As we all know, we have to give tax to government on various things, one such being income tax. In the coming columns we will let you know what are they and how to plan the tax for a concurrent year and be clean. To take a sneak peak, Read on!
What is meant by tax?
The word tax has been derived from the Latin word, taxo which means to impose a financial charge in the physical form of money or other levy upon a tax payer by a state or the functional equivalent of a state such that the failure to pay the same is punishable as per the prescribed law.
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| Tax in India |
What kinds of taxes are there in India
- Income Tax
- Sales Tax
- VAT
