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Taxation structure is the most important role in the Indian economy. Taxation plays a vital activity as source of revenue for government, which is utilised in nations developmental & various welfare activities

There are two types of Tax system has been initiated in the Indian economy i.e Direct Tax and Indirect tax. Direct Tax : belongs to Income Tax those collected directly from public on various sources of income which discussed below. But Indirect Tax : belongs to only GST or Goods and Service Tax which has been implemented just from 01st July 2017, before that day there was three types of tax was initiated under Indirect Tax i.e Central excise, Service Tax & sale Tax. So in order to simplify the Indirect Tax all the three tax system has been merged and new tax structure was created which is known as GST or Goods & Service Tax.

Now we are discussed about Direct Tax or Income Tax, as per guide lines of the Income Tax ac 1961. Before description about Income Tax , it must be know about TDS or Tax deducted at Source which is a part of Income Tax under Income Tax act rule.

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”Company Name” directors have had vast earlier experience in financial services, investment banking, advising on, drafting and enforcing sales policies and processes.