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Q.

Can you name,how many type of taxes are there in India?

Tags: india, money, education
Asked by uday shetty, 30 Aug '13 01:35 pm
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Answers (6)

 
1.

Taxes can be either of direct or indirect ones, However, the types of taxes classified on whether a particular tax is being levied by the central or the state government or any other municipalities.Direct Taxes are paid directly to the Union Government of India some direct taxes are Banking Cash Transaction Tax, Corporate Tax, Capital Gains Tax, Double Tax Avoidance Treaty, Fringe Benefit Tax,
Securities Transaction Tax, Personal Income Tax and Tax Incentives. Indirect Taxes
are generally levied on some specified services or some particular goods some of them are Anti Dumping Duty, Custom Duty, Excise Duty, Sales Tax, Service Tax and Value Added Tax. apart from this our nation has got the prevalence of many other taxes. like Consumption Tax, Death Tax, Dividend Tax, Endowment Tax, Estate Tax, Flat Tax, Fuel Tax, Gift Tax, Inheritance Tax and Sales Tax, S. E. T. or Self Employment Tax, Social Security Tax, Transfer Tax, Payroll Tax , Poll Tax, Property Tax and Wealth Tax a ...more
Source: internet
Answered by Joshy Wills, 30 Aug '13 02:42 pm

 
  
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2.

It is uncountable Central Govt. has its own taxes besides state government and at Panchayat level they are having their own taxes so it is uncountable
Answered by Paivaidya Ajit, 01 Oct '13 02:22 pm

 
  
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3.

I agree with Gopi Kumar's reply to this question of Uday. The answer is very much in detail and informative too. I just would like to say about the income tax thing because this is something very popular and people want to get rid of so that they can save some money. For saving income tax you can look for tax saving funds or some life cover plans or PPF as they save your money to a great extent. Though there are limitations to the amount but it is helpful in any case.
Source: http://mutualfund.birlasunlife.com/Pages/Individual/Our-Solutions/Tax-Savings.aspx
Answered by Priya patil, 01 Oct '13 12:11 pm

 
  
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4.

Two kinds only direct taxes and indirect taxes
Answered by manoharkhanna, 30 Aug '13 02:54 pm

 
  
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5.

There are Twenty Types of Taxes are prevailing in India.
Direct Tax
Taxes in IndiaIncome Tax: This is one of the most common types of tax and most of you would be familiar with it. This tax is deducted directly from your income if your income exceeds the taxable limit.
Capital Gains Tax:This tax is levied if you sell your property, bonds, shares, jewelry, or anything that gives you profit. The profit can be calculated by deducting the total amount you get by selling your asset and the amount you paid for it. You have to pay tax on the profit.
Securities Transactions Tax: When you buy or sell a stock form the share market, you have to pay Securities Transaction Tax. This tax is imposed by the Government because the most of the people who earn their profits from the share market do not declare their assets. As a result, they can avoid paying capital gain tax, as the government can levy tax only on the profits they earn, if these are not declared. The Securities Transactions Tax or ...more
Answered by GOPI KUMAR, 30 Aug '13 01:39 pm

 
  
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6.

MAY BE THE LIST FILLS VOLUMEs OF book
Answered by SREENIVAS, 02 Mar 11:12 am

 
  
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