5 Direct Taxes to acquaint yourself with as an Indian Entrepreneur
As long as you earn revenue or income, you have to pay taxes levied by the government. Taxes are categorized as two types – Direct Tax and Indirect Tax . Direct taxes are directly paid to the government by the taxpayer whereas Indirect taxes are imposed on products and services and are paid by the seller. Most CA firms in Bangalore would recommend you to become sure about taxes as are applicable to your business so that you never get any tax evasion lawsuits. In today’s blog, we will talk about 5 Direct Taxes you must acquaint yourself with as an entrepreneur in India. So, let’s move forward without any more explanation. Income Tax This is one of the most misunderstood and popular direct taxes in India. One of the interesting things about this particular tax is that it has to be paid by both individuals and companies. Since our blog is focused on entrepreneurs, we will highlight Income Tax apropos to that. Let’s take a look at the tax slab for business owners who ...