"God made Man, Man made Money" - Unknown
The second quote gave life to the first. Man made money and in turn taxes. The world of taxes touches our lives everyday. Governments (read Man) has found ingenious ways to tax the money man makes.
Taxes fall into major categories - Direct Taxes and Indirect Taxes
Direct Taxes
- Income Tax
- Wealth Tax
Indirect Taxes
- Excise Duty
- Customs Duty
- Sales Tax
- Octroi
- Service Tax
- GST
- Entertainment Tax
- Value Added Tax (VAT)
The above lists are not complete
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