Tax and finance laws are an integral part of corporate governance and compliance. There are different kinds of taxes and financial regulations in India governing the operations of corporations.

Principal Tax Laws:
Income Tax Act, 1961: It enacts provisions regarding taxation of income in India and also deals with business income, salary income, capital gains, house property income, etc.

GOODS AND SERVICES TAX (GST): GST is an integrated indirect tax which superseded multiple indirect taxes such as VAT, excise duty, and service tax. GST is levied on the supply of goods and services in India.

Corporate Tax: A corporate is liable to corporate tax of its taxable income. The rate of corporate tax changes with the size and nature of the firm.

Minimum Alternate Tax (MAT): MAT refers to the minimum amount of tax that specific companies have to pay, regardless of the book profit earned.
Wealth Tax: Wealth tax is levied on the total net wealth of individuals and Hindu Undivided Families (HUFs) above a certain limit.

Important Finance Laws:
Companies Act, 2013: Companies Act 2013 addresses the incorporation, working, and deregistration of firms. It consists of provisions related to financial reporting, auditing, and corporate governance.

Securities and Exchange Board of India (SEBI) Regulations: SEBI regulates the securities market in India, which includes listing companies, IPOs, mergers and acquisition among others
Foreign Exchange Management Act (FEMA): FEMA regulates foreign exchange transactions and foreign investments in India

Reserve Bank of India (RBI) Regulations: The RBI regulates the banking and the financial sector in India, that comprises loan issuance, foreign exchange transactions and monetary policies among others

Corporate Finance Consideration: Financial Planning: Corporations must devise detailed financial plans that will help them in controlling flow of cash, investments, and expenses.
Financial Reporting: They have to provide the stakeholders with true and timely financial records in the forms of balance sheets, income statements, and cash flow statements

Controls: A Corporation needs to have controls to prevent fraud and financial records errors
Risk Management: Corporations need to identify and manage risk factors as far as finance is concerned. This could include market risk, credit risk, and also liquidity risk.
Tax Compliance: Corporations must follow tax laws to avoid penalties and interest charges.
Capital: Corporations can raise capital through equity or debt finance to support their growth and operations.
Professional Advice:
Since tax and finance laws are very complex, corporations should seek professional advice from tax consultants and financial advisors. Professional advice will ensure that all the regulations will be followed with adequate tax liability optimization and sound financial decision-making.