In India, taxes play a vital role in the financial ecosystem, impacting the way firms and individuals conduct economic activities. In general, there are two sorts of taxes: direct and indirect.

In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...

Advance tax and GST are obligatory expenses the state and central governments impose on all individuals and businesses. They are the government's major revenue sources, which they use to build the ...