Origin and Basics of Laws of Taxation in India

Abstract

In this article we study the origin and introduction of taxation in India. We start with history of taxation and then reach to the legal framework of taxation system in the country, focussing on the definition of the expression “income”, its assessment, need to pay taxes, sources of taxes etc. Therefore, income includes not only those things which this definition explicitly declares, but also all such things as the word signifies according to its natural import. Then, we explain how these taxes are computed and assessed keeping in focus the principle of equity and justice in taxation. We also learn about the available various dispute resolution mechanisms related with taxation disputes in India.