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All individuals who falls under the tax payable bracket are
Assesses on the basis of their residence in India i.e

1. Resident
2. Non-Resident

Who is a Resident

An individual who was present in India for a period of 182 days
in a financial year, and this period may not be continuous.

or

An individual who was present in India for a period of 365 days
in the preceding 4 years, this period may not be continuous too.
This rule, however, does not apply to a member of the crew of an
Indian ship and to a citizen of India or a person of an Indian

VAT - Vlaue Added Tax was first introduced by a French Ecomonist in 1954.
Thanks to the feasibility of payment and ready comprehensibility
it gained popularity and now more than
160 countries are following this system.

Value Added Tax is levied on each exchange of goods from manufacturing till it reaches the
end consumer.
VAT is intended to be charged whenever there is some value addition to raw material.
The taxpayers on the other hand, will get credit for the amount of tax paid off at the stages

We all know that Money was invented to overcome the hassles of Barter system, and is nothing but a common medium of exchange. But its value differs from one country to another country. We are yet to discover the Common Money, which is accepted around the world, and thus there is a need to value each countries currency. So when a person/organization has to make the payments across the county there will be a need to calculate their county’s currency value in terms of the corresponding county’s value.

A country’s currency value depends upon many factors. And it changes frequently.

e-payment of taxes.
How many of us have thought that this world would have been a better place to live in
"if we can remove the month of march from the calender"

We all have these March blues as it is financial year ending and time to PAY THE TAXES.
When the clock starts ticking we all rush to a CA"s office and try get through with the
formalities.

But not anymore:-
The Govt of India has made Tax filing as easy as a bill payment.
One need not worry abt waiting time in CA's office anymore,
you can pay your taxes at a click now, all you need to do is have a

There will be lots of legal formalities involved before you actually start exporting or importing goods from one country to another country. You will find answers for your Export, Import and tax related queries on this site.

Export means trading goods or services to foreign country by a domestic producer where as Import means trading goods and services to your own country by a foreign producer.

How to start import and export
http://www.importexporthelp.com/

For trade in Indian:

IMPORT EXPORT POLICIES