International tax
This query is : Resolved
17 September 2013
is international taxation fall under the ambit of direct tax
17 September 2013
Yes and no both.
International taxation refers to tax on transactions between two or more countries. Such transactions can be in nature Income (capital and operational) or sale of goods and services.
While income part is dealt by Direct taxation rules and regulations, the sale of goods and services is covered by customs and excise.
International taxation refers to tax on transactions between two or more countries. Such transactions can be in nature Income (capital and operational) or sale of goods and services.
While income part is dealt by Direct taxation rules and regulations, the sale of goods and services is covered by customs and excise.
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