Taxes in India are levied by the Central Government and the State Governments. Some minor taxes are also levied by the local authorities such as the Municipality.
The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Center and the State. An important restriction on this power is Article 265 of the Constitution which states that “No tax shall be levied or collected except by the authority of law.” Therefore each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature.
We at Sharma and Sharma Legal Solutions have a qualified and competent team including Chartered Accountants and Financial Advisers to provide complete and satisfactory solution to all tax related issues. We also deal with all sort of litigation arising out of taxation laws before various courts, tribunals and other authorities.