What does taxation in india mean?
Definitions for taxation in india
tax·a·tion in in·di·a
This dictionary definitions page includes all the possible meanings, example usage and translations of the word taxation in india.
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Wikipedia
Taxation in India
Taxes in India are levied by the Central Government and the State Governments by virtue of powers conferred to them from the Constitution of India. Some minor taxes are also levied by the local authorities such as the Municipality.The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Union Government and the State Governments. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law". Therefore, each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature. Nonetheless, tax evasion is a massive problem in India, ultimately catalyzing various negative effects on the country. In 2019–20, the Direct tax collections reported by CBDT were approximately INR 12.33 trillion.
Numerology
Chaldean Numerology
The numerical value of taxation in india in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of taxation in india in Pythagorean Numerology is: 2
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"taxation in india." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/taxation+in+india>.
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