what is taxation
- 4 Answers
- 7814 Views
- ICICI, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / k.sudhakarreddy
taxiation is one of the important source or revenur for the
govt.taxation means way collecting funds from the public
who are crossed the standard income which is mentioned by
the govt.taxiation is on income of the individual or
companies or firms.
| Is This Answer Correct ? | 17 Yes | 2 No |
A tax is an involuntary fee - or, more
precisely, "unrequited payment" - paid by individuals or
businesses to a government (central or local). Taxes may be
paid in cash or kind (although payments in kind may not
always be allowed or classified as taxes in all systems).
The means of taxation, and the uses to which the funds
raised through taxation should be put, are a matter of hot
dispute between political parties and economic theorists,
so discussions of taxation are frequently tendentious.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / asis
Tax is a compulsary payment to the goverment under any Law.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / prasant m
all the taxable income or revenue eligible for tax.that is
nothing but a declaration before law that we have earned
this much with in this period and our business so and so
etc...., law for our safety not like it is forcefully
imposed on us. ultimately we are eligible to receive many
facilities by the govt,. or law if we are paying tax timely
and obeying rules under the Indian act.
| Is This Answer Correct ? | 1 Yes | 0 No |
pls explain the clear difference between Depreciation and Demortization?
EXPAND___________NBW
Financial Management vs Management accounting?
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
What is Hot Issue Income for Hedge Funds?
Total numbers of companies listed on stock Exchange?
Difference between accounting and book keeping ?
what is capitaemployed?
rtgs
Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?
Is Paper-Gold also called as Special Drawing Rights or Global Depository Receipts?
Contingent liabilities should be recorded in the accounts when A) It is probable that the future event will occur B) The amount of the liability can be reasonably estimated C) Both A&B D) Either A or B
Audit 
