Article 265 of the Indian Constitution states that no tax shall be levied or collected in India except by the authority of law as sanctioned by the Constitution. Thus, every tax to be charged in India has to be backed by the law passed by the Parliament or State Legislature and any tax charged without the constitutional authority shall be void ab initio. |
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Direct & Indirect Taxes, Tax Ready Reckoner, Tax Management, Tax Act. & Rules, Tax Planning & Tax Savings.