Thursday, September 26, 2013

Various types of taxes which Governments are collecting in India

Various types of taxes which Governments are collecting in India
Direct and Indirect Taxes
  1. Income Tax (may also include salary and business incomes, short and long term Capital Gains, property income, Fringe benefits and interest incomes etc.)
  2. Capital Gains Tax
  3. Property Tax
  4. Fringe benefit Tax (Perquisite Tax)
  5. Security Transaction Tax
  6. Service Tax
  7. Customs Duties on Imports or Octroi on Goods
  8. Sales Tax
  9. Value Added Tax
  10. Wealth Tax
  11. Road Tax
  12. Toll Tax
  13. Corporate Tax
  14. Taxes on capital value of assets
  15. Excise Duties
  16. Professional Tax
  17. Anti Dumping Duty
  18. Municipal Tax
  19. Dividend Distribution Tax
  20. Stamp Duty, Registration Fees and Transfer Tax (Duties in respect of succession to property) 
  21. Entertainment Tax
  22. Gift Tax
  23. Education Cess and Surcharge
  24. Taxes on luxuries, including taxes on entertainments, amusements, betting and gambling
  25. Export Duty and Cess on Exports
  26. Expenditure Tax
  27. Surcharge on Income Tax
  28. Estate duty
  29. Terminal taxes on goods or passengers, carried by railway, sea or air; taxes on railway fares and freight
  30. Taxes on the sale or purchase of newspapers and on advertisements published therein
  31. Taxes on sale or purchase of goods other than newspapers, where such sale or purchase takes place in the course of inter-State trade or commerce
  32. Taxes on the consignment of goods in the course of inter-State trade or commerce
In addition following are State Taxes
  1. Land revenue, including the assessment and collection of revenue, the maintenance of land records, survey for revenue purposes and records of rights, and alienation of revenues
  2. Taxes on agricultural income
  3. Duties in respect of succession to agricultural income
  4. Estate Duty in respect of agricultural income
  5. Taxes on lands and buildings
  6. Taxes on mineral rights
  7. Duties of excise for following goods manufactured or produced within the State (i) alcoholic liquors for human consumption, and (ii) opium, Indian hemp and other narcotic drugs and narcotics
  8. Taxes on entry of goods into a local area for consumption, use or sale therein
  9. Taxes on the consumption or sale of electricity
  10.  Taxes on the sale or purchase of goods other than newspapers
  11. Taxes on advertisements other than advertisements published in newspapers and advertisements broadcast by radio or television
  12. Taxes on goods and passengers carried by roads or on inland waterways
  13. Taxes on vehicles suitable for use on roads
  14. Taxes on animals and boats
  15. Tolls 
  16. Taxes on profession, trades, callings and employments
  17. Capitation taxes
  18. Taxes on luxuries, including taxes on entertainments, amusements, betting and gambling
  19. Stamp duty

Top of it the above list is in not exhaustive.

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