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Direct Tax – Understanding Its Impact & Compliance
Direct tax refers to a form of taxation where the tax liability is directly imposed on individuals or entities earning income. Unlike indirect taxes, direct taxes are paid directly to the government by the taxpayer, ensuring fair and transparent taxation.
Key Features of Direct Taxation:
- Personal Liability – The taxpayer is solely responsible for filing and paying the tax.
- Regulated by Law – Governed by Income Tax Act, 1961 and other statutory provisions.
- Various Tax Categories – Includes income tax, corporate tax, capital gains tax, and wealth tax.
- Applicable to Individuals & Businesses – Direct taxes apply to salaried individuals, businesses, professionals, and corporations based on their income.
Why Choose filing365?
- Independent & Unbiased Audits – We deliver objective insights that help build stakeholder trust and enhance transparency.
- Compliance-Driven Approach – Stay aligned with statutory regulations, accounting standards, and industry best practices.
- Experienced Audit Professionals – Our team brings years of expertise across various sectors, ensuring quality and accuracy.
- Tailored Audit Solutions – From internal audits to statutory and special audits, we offer services customized to your business needs.
- Actionable Insights – Go beyond numbers—our audits highlight areas of improvement and risk, helping you make informed decisions.