The document provides an overview of taxation systems in India. It discusses the history of taxation in India, noting a large taxable population existed. It also outlines the current tax system, including direct taxes like corporate, capital gains, and personal income tax levied by the central government. Indirect taxes levied by the central government include excise duty, customs duty, service tax, and sales tax. State governments and local bodies also levy certain taxes.

1. WELCOME

2. HISTORY OF TAXATION SYSTEM IN INDIA

3. MEANINGIndia’s history of taxation suggests existence of a large and composite taxable population.

4. TAX SYSTEM IN INDIAReduction in customs and excise duty.Lowering corporate tax.Widering of the tax base and toning up the tax.

5. TAX LEVIED BY CENTRAL GOVT:Direct tax *tax on corporative income. *capital gains in tax. *personal income tax. *tax in incentives. Indirect tax *excise duty, customs duty . *service tax *sales tax *tax levied by state govt: and local bodies.

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