The Constitution divided governmental levies into two mutually exclusive categories: indirect taxes subject to the uniformity requirement, and direct taxes subject to apportionment. Indirect taxes ...

Unlike direct taxes, which are levied based on a taxpayer’s ability to pay, indirect taxes apply uniformly, regardless of an individual’s financial situation. As a result, lower-income ...

Correctly classifying direct and indirect costs assists with financial planning, taxes, and funding. Depending on their use, you can categorize indirect expenses under CapEX, OpEX, and COGS.

Income Tax Budget 2025 LIVE: The Union Budget 2025 will be read out in a couple of hours. Individuals in India pay various taxes that range from income tax to capital gains tax, Goods and Services ...

The taxation system in India is evolving with economic reforms, digitalization, and global influences. Key trends include the ...

In the UK, we categorise taxes as direct and indirect taxes. A direct tax is paid directly by a person or business to the government from wages or profits. An indirect tax is applied to a good or ...

Indirect taxes, including Value Added Tax (VAT) and excise duties, account for a staggering 80 per cent of the country’s total tax revenue, leaving just 20 per cent to come from direct taxes ...

With monthly gross GST collections stabilising at around Rs 1.8 lakh crore and gross direct tax ... a senior tax official said Wednesday. Central Board of Indirect Taxes and Customs (CBIC) member ...