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MTP Final Syllabus 2016 June 2018 Set 2Paper 16DIRECT TAX LAWS AND INTERNATIONAL TAXATIONAcademics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament)Page
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Direct tax laws refer to the regulations that govern the taxation of individuals and businesses based on their income or profits.
Anyone who earns taxable income or runs a business that generates profits is required to file direct tax laws.
Direct tax laws can be filled out online or by using paper forms provided by the tax authorities. It requires reporting income, deductions, and credits accurately.
The purpose of direct tax laws is to collect funds for the government to finance public services, infrastructure, and social welfare programs.
Income sources, deductions, credits, and tax payments must be reported on direct tax laws.
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