Finance and Taxation

Indirect taxes represent a critical component of a country’s taxation system, primarily levied on goods and services rather than directly on personal or corporate income.

Horizontal equity is a fundamental principle in taxation that emphasizes equality in the tax treatment of individuals with equivalent financial capabilities, specifically focusing on those with similar incomes and assets.

The Goods and Services Tax (GST) in India represents a significant shift in the country’s taxation landscape, evolving over a lengthy period.

Education cess, a specific tax levied for funding educational initiatives in a country, is primarily paid by individuals and corporations that meet certain income thresholds.