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Taxation in India
Taxation in India at a glance
Taxes play an important role in India’s economic development by supporting infrastructure, public services, and social programmes. India’s tax system is designed to raise revenue while promoting investment, fairness, and economic stability. In recent years, India has undertaken significant tax reforms to improve transparency, simplify compliance, reduce litigation, and strengthen investor confidence.
India’s tax framework consists of Direct Taxes and Indirect Taxes. The financial year in India runs from 1st April to 31st March.
