Difference between taxation and income tax...
This query is : Resolved
ramyashree h s
(Querist)
25 April 2013
Hello CCI..., i have a doubt weather any difference between provision for taxation and provision for income tax...taxation in sence what., both are same or not..?
CA Vikas Acharya
(Expert)
25 April 2013
as it name suggests, taxation is a wider term which covers all the taxes whether direct or indirect,(like income tax, wealth tax, sales tax, service tax customs excise etc..)
whereas income tax is a part of all taxations.
whereas income tax is a part of all taxations.
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