If you paid more tax than your actual tax burden during a fiscal year, you may be entitled to an income tax refund upon completing your income tax return (ITR) for that year. Nevertheless, you will not get your income tax refund until the tax department analyses your ITR and sends you an indication letter.… Read more

While direct taxes are charged on taxable gains made via the use of individuals and business organizations, the burden of deposit taxes falls on the assessees. Oblique taxes, on the other hand, are collected on the sale and provision of items and services, with the burden of collecting and depositing taxes falling on the dealers rather than the assessees directly.… Read more