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In India, the sphere of taxation services is extensive. It is comprised of a number of different charges and sense of duties. Basically, taxation is the most complicated and challenging task of all the financial planning. In India, the legislation and set of laws are continuously changing over time and thus affecting the taxation services and procedures. On the top of that each and every case of taxation is different from each other. Therefore, it needs great concentration and detailed examination to understand the taxation procedure. Taxes are mainly of two types, one of which is called Direct tax and the other is called Indirect tax. Every person has to pay both of the tax respectively. There are diverse clouts in India to control the taxation services and procedure. A number of components are related with the taxation concept. Let us have a look at all of that. 1. Origin of tax in India: In India tax is started off from the Indian constitution. It has given the responsibility to different authorities to enforce diverse tariffs within the Center and State. 2. Taxation Services: Taxation services consist of a number of components like tax claim, tax reclaim, tax information and lot more. These services vary sector to sector and so there are different taxation services provider in India who help the services to be accomplished smoothly. 3. Tax Services Providers India: In India other than the government bodies, some private companies and financial consultancies also provide tax services. If we talk about the government authorities first comes. A. CBDT or Central Board of Direct Taxes: This comes under the power of Ministry of Finance of India. It is actually in charge of the direct taxes of the country. CBDT looks after the agenda and the guidelines to control the direct tax services. In addition to that it also looks after the directive of the IT sector. Central Board of Direct Taxes is actually a division of Department of Revenue. B. The central Government: The government of India holds a great power to control the taxation services. It has some particular segments on which it enforces its power and those are lined up below. It has the power of imposing export tariffs. It charges income tax that does not count the income from farming. It levies excise duty on goods and services that is manufactured in India although hard drinks, goods produced for individual utilization seductive medicines are out of its account. Estate tariff is also charged by the Central government however farming areas are not taxed. Taxes on stamps and corporation taxes are also handled by the central government of India. Other than these there are seven more sectors on which Central Government enforces its power of taxation. C. The State Government: The state governments have power to control 19 state heads. These are like Tax on land revenue, Estate tariff on farming, Income tax on income from agriculture, Duty on production and assets, Consumption of electricity, Toll taxes, Capitation duty, Stamp of tariff. Other than these there are lots more taxes that are controlled by the State Governments. Author has good hands on writing and has years of experience writing contents to the organization named Client Associates. For more information about Taxation Services Provider India you visit the website http://www.clientassociates.com of Client Associates.
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