Taxes are essential financial contributions imposed by the government on individuals and businesses to fund public services like healthcare, education, and infrastructure. They come in various forms, including income tax, GST, property tax, and corporate tax, each serving specific purposes to ensure the smooth functioning of the economy. Understanding taxes helps individuals and businesses comply with tax laws and manage their finances effectively. Learn more about the different types of taxes and their significance in the economy on Whatispedia.
The PAN 2.0 Project, recently introduced by the Indian government, is set to transform the existing Permanent Account Number (PAN) ecosystem. With its launch, the tax department aims to enhance the taxpayer experience by leveraging advanced technology. So, what exactly…
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