what is tax?
- 51 Answers
- 69930 Views
- CRP, Genpact, Kotak, Xpitax, Zenta, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / anku
A TAX IS A PAYMENT MADE BY THE PERSON WHO HAS EARNED INCOME
DURING A YEAR TO THE GOVERNMENT.
| Is This Answer Correct ? | 285 Yes | 78 No |
Answer / sandhya
Tax is a major source of revenue to the government. Taxes
can be classified into Direct taxes and Indirect taxes. It
is imposed by the government on the applicable persons.
| Is This Answer Correct ? | 97 Yes | 19 No |
Answer / ramakanth
A compulsary payment to government on income earned by
individuals/entities with out any "QUID-PRO-
QUO"[consideration].
| Is This Answer Correct ? | 92 Yes | 31 No |
Answer / sanjeev dogra
Tax means this amout we have to pay the Govt.
Tax is liable for us.
| Is This Answer Correct ? | 82 Yes | 31 No |
Answer / sonali
An income tax is a tax levied on the financial income of
persons, corporations, or other legal entities.
| Is This Answer Correct ? | 94 Yes | 46 No |
Answer / deepak jha
Tax is : compulsory exaction(payment) made under any statue.
Note: Tax is not given on the profot itself. Like in MAT a
company is obliged to pay tax even if the comoany shows
loss as per books.
| Is This Answer Correct ? | 39 Yes | 20 No |
Answer / katey
It is a certain amount of money that is recieved from a
worker at the end of every year. This money goes to the
government where it is then payed for things such as
hospitality and services etc.
| Is This Answer Correct ? | 44 Yes | 26 No |
Answer / bappi
Taxes are compulsory payment to government without
expectation of direct return in benifit to the tax payer.
| Is This Answer Correct ? | 28 Yes | 13 No |
why did rbi hiked repo and reverse ratio and how it will effect the market
What should be the entry passed for TDS deduction by the Company and tds deducted on the Company? Can tds refund on FD foreclosure be adjusted aganist the tds deducted on the Company?
tell me about accounting
What is Bank Reconcilation Statement?
13 Answers First Midwest Bank, IBM,
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
What is meant by Cost Accounting? How it is different from Financial Accounting?
6 Answers AV Vision, Deloitte, DigiCall, Parco, TATA,
Whats the difference between merger and aquisition?
1 Answers Capital IQ, Thomson Reuters,
business sepsarate entity concepts
what type of account appear on a post closing trial balance? a) income statement accounts b) balance sheet accounts c) cash flow accounts d) temporary owner's equity accounts
what is balancesheet adjustment a/c. what is the use of this a/c in sap fico
0 Answers FactSet Systems, Reliance,
BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED
44 Answers Capital IQ, CPT, ICICI,
I am pursuing MBA in finance and I am having the work experience of 2 years as a customer support executive in Lg electronics. So,Please suggest me whether I can show this experience at the time of interview or not?
Audit 
