Interested to Buy Any Domain ? << Click Here >> for more details...
give the
difference between Income tax,corporate tax, professional
tax, Entertainment Tax?
- 2 Answers
- 13302 Views
- SSC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prince
Corporate (or corporation) tax is paid by companies. Depending on the law of the nation concerned, it is charged on profits, on turnover or on certain sales - or of course a combination.
Income tax is paid by individuals and is a portion of their earnings and other income taken by the state.
Since a trading company must make a profit to survive and when setting prices will include their taxes as an essential expense, all these taxes (plus any others governments dream up such as duty on petrol, tobacco and alcohol)) are, in the end, paid by the individual citizens. There is no free lunch: you cannot spare the citizens by taxing the businesses.
That is the weak point in the current policy of punishing the banks by taxing them. The banks are in a strong position when faced with the ordinary customer, and will recover the money by taking it out of our skin.
In the end the common man is, has always been, and (I am afraid) must always be Jack-pay-for-all. For ever at the bar buying, but never tasting the beer.
| Is This Answer Correct ? | 16 Yes | 5 No |
Answer / chaitanya
corporation and entertainment taxes are indirect taxes
but where as income tax is adirect tax
| Is This Answer Correct ? | 17 Yes | 15 No |
I want to mutual transfer from ahmedabad to delhi/chandigarh/dehradun/allahabad in indian audit and accounts department on steno post. if any body interested please contact me at this no 7226933007, 9917913820
0 Answers Indian Audit Accounts,
Under which writs the Courts sought to produce a person in the court suspected to be missing or in custody?
The Present Secretary-General of the United Nations is a
6 Answers KPSC Karnataka Public Service Corporation,
Who removes the Judges of Supreme Court and High Court?
what is political science ?
how many languages used in UNICEF cards?
national song of india
What is address of syed shahabuddin, leder of samajwaji Party?
Who among the following Indians served as the Prisisdent of the International Court of Justince?
2 Answers KPSC Karnataka Public Service Corporation,
national animal of india
What is judicial activity ?
i want to hall ticket
SSC History 
