The tax structure in India is very strong .The taxation under the tax structure in India is applicable for any kind of income pertaining to a person working as an employee under the public sector, Pvt sector units etc. Business taxation is also a part of the well developed tax structure in India, the five major type of business taxes are:-
- Corporate franchise test
- Employment tax
- Excise tax
- Gross receipt tax
- Value added tax
Business Query Form
In terms of economic impact however all kinds of taxes are people taxes because hey affect human beings and not to any particular business, also called business activity test. The revenue generated by the taxes under the business taxation is having a great value for a developing country like India, because for a successful running of government finance is required to meet all the needs otherwise there will be chaos. in the country. The contribution of the business sector in taxation is increasing year by year and it is a good sign for the growth of the country. IF you have any queries regarding the business taxation then 36 companies will help you I solving all your queries.
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