Tax compliance refers to the act of adhering to the rules, regulations, and requirements set forth by tax authorities in order to fulfill one’s tax obligations. It involves accurately reporting and disclosing relevant financial information, calculating and paying the appropriate amount of taxes, and submitting the required documentation within specified deadlines.
For more information to Visit https://www.incometax.gov.in/
It applies to individuals, businesses, and other entities that are subject to taxation. It encompasses various aspects, including income tax, sales tax, value-added tax (VAT), payroll tax, property tax, and more. The specific tax laws and regulations can vary across jurisdictions, but the underlying principle remains the same: taxpayers must comply with the applicable tax laws.
