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 Panchal S K for Direct Tax Services?
- Expert Tax Planning & Advisory – Optimize tax liabilities while ensuring compliance.
- Efficient Tax Filing & Compliance – Hassle-free ITR filing, TDS compliance, and tax audits.
- Strategic Tax Savings – Identify legal deductions and exemptions to minimize tax burden.
- Dedicated Support for Businesses & Individuals – Tailored tax solutions for different income groups.