Taxation law in India governs the levy, collection, and administration of taxes by the State. It includes both direct taxes and indirect taxes, each regulated by separate statutory frameworks.
This page explains general legal concepts relating to taxation law.
Direct Taxation
Direct taxes are imposed directly on income or profits. Legal interpretation plays a significant role in understanding statutory obligations, exemptions, and compliance requirements.
Every day, direct tax matters include:
- Income-tax provisions
- Legal interpretation of tax liabilities
- Notices and statutory proceedings
Indirect Taxation
Indirect taxes apply to goods and services and are governed primarily by the GST framework. Legal issues often arise in classification, applicability, and compliance.
Legal Framework
- Income-tax Act, 1961
- Central Goods and Services Tax Act, 2017
- State GST Acts
- Judicial interpretations and circulars
Frequently Asked Questions (FAQs)
What laws govern income tax in India?
Income tax is governed by the Income-tax Act, 1961, along with rules, circulars, and judicial interpretations.
What is GST under Indian law?
Goods and Services Tax (GST) is an indirect tax applicable to supply of goods and services, governed by the CGST Act, 2017 and State GST laws.
What are common legal issues in taxation matters?
Issues may arise in interpretation of tax provisions, applicability of exemptions, classification of goods/services, and statutory compliance.
Can tax disputes be challenged legally?
Yes, statutory remedies are available under tax laws, including appeals and representations before appropriate authorities.