A. Introduction
India taxes Indian source income as well as the foreign source income of its residents, subject to tax treaty and other relief. The foreign source income of non-residents or individual persons not ordinarily resident in India is only taxed if received in India. In certain circumstances, income arising outside India may be deemed Indian income.
The tax system is schedular. Taxable income is ascertained according to the rules for the particular class of income and then
Types of taxes india, Loss carry forwards, Indian tax rates, Tax treaties, Anti-avoidance rules, Tax withholding rules, Tax incentives, Deemed income rules, Tax depreciation, Tax allowances and disallowances, Tax compliance rules, capital gains taxes, wealth tax,Indirect taxes, excise duties, service tax, central value added tax (CENVAT), local taxes e.g. sales tax, property tax, octroi and state excise taxes and state VAT, imports at specified tariff rates. Transfer of assets, stamp duties,
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