Direct & Indirect Tax Overview
India’s taxation system is divided into two key segments: Direct Taxes and Indirect Taxes. While direct taxes are imposed on income and profits, indirect taxes are levied on the consumption of goods and services. Understanding the differences and compliance requirements is essential for businesses and individuals alike.
At Taxfend, we help you navigate both Direct and Indirect Tax Laws, file returns timely, and ensure full compliance with the latest regulations.
What is Direct Tax?
Direct Taxes are paid directly to the government by individuals or organizations on their income or profits.
Examples:
- Income Tax (IT)
- Corporate Tax
- Capital Gains Tax
- Securities Transaction Tax
🔹 We help with:
- Income Tax Filing (ITR)
- Advance Tax Computation
- Tax Planning & Deductions
- Capital Gains Management
What is Indirect Tax?
Indirect Taxes are levied on the purchase of goods and services and are collected by intermediaries (like sellers).
Examples:
- GST (Goods & Services Tax)
- Customs Duty
- Excise Duty
- Stamp Duty
🔹 We assist in:
- GST Registration & Return Filing
- Input Tax Credit Reconciliation
- Indirect Tax Audits
- Compliance & Advisory
Our Process
- Consultation & Assessment
- Document Collection
- Calculation & Planning
- Return Filing
- Compliance Support & Notices (if any)
Why Choose Us for Tax Services?
✔ Experienced Chartered Accountants
✔ End-to-End Tax Compliance
✔ PAN India Support
✔ Timely Return Filing
✔ Transparent Pricing
Documents Required
For Direct Tax Filing:
- PAN Card
- Aadhaar Card
- Bank Statements
- Salary Slips / Financials
For Indirect Tax (GST):
- PAN & Aadhaar
- Business Proof
- Digital Signature (for companies)
- Bank Details
FAQs
Q1. Do I need to file taxes if I earn below ₹2.5 lakh?
A: Not mandatory, but advisable to keep records and claim future benefits.
Q2. Can I file GST and ITR both through your firm?
A: Yes, we offer combined packages for full tax compliance.
Q3. What is the penalty for late tax filing?
A: Penalties vary from ₹1,000 to ₹10,000 based on the delay and income slab.
Call Now for Direct & Indirect Tax Help
Get expert guidance, timely filing, and peace of mind — all under one roof.