Income Tax Filing belated due date

India has a dual taxation system consisting of Direct Taxes and Indirect Taxes, administered mainly by the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).

DIRECT TAX

Direct taxes are levied directly on individuals, companies, or organisations based on income or wealth. Generally in India Income Tax paid by individuals, HUF (Hindu Undivided Family), Firms and Companies based on the income slabs provided  by Finance Ministry of India.

INDIRECT TAX

Indirect taxes are collected through goods and services rather than directly from income. Mainly focussed Goods and Service Tax (GST) in Indirect Tax in India.