Taxation Laws in India

This abstract provides a snapshot of taxation laws in India that how these taxation laws were evolved from ancient taxation laws to the modern time taxation laws of India. With this, the article provides us that how the taxation laws have a constitutional base which supports and evolved the taxation laws by providing the constitutional directions onto the cases which results in betterment and more effectiveness of the laws of taxation. This article further discusses about the value of the taxation laws in the country, in how many types the taxes are being collected and how the taxes are being collected and by whom this tax collecting system is governs by? Also, the article provides the accurate information regarding the amendments, articles and embodies the principle of taxation laws. At last, this article tells us how the individuals, firms, government, organizations and businesses get effected at present by the taxation laws and what are the practical implications and the challenges still present there which are faced by them even today.