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The nature of taxation

Answers were Sorted based on User's Feedback



The nature of taxation..

Answer / s h gupta

DIRECT TAX &
INDIRECT TAX

Is This Answer Correct ?    39 Yes 18 No

The nature of taxation..

Answer / karen

the nature of taxation are:

1.inherent power of sovereignty
2. legislative in nature
3. territorial operation
4. public purpose
5. exemption of government
6. strongest among the inherent power of the state
7. subject of constitutional and inherent

Is This Answer Correct ?    22 Yes 2 No

The nature of taxation..

Answer / jovy

1. inherent power of sovereignty
2. legislative in nature
3. territorial operation
4. public purpose
5. exemption of government
6. strongest among the inherent power of the state
7. subject of constitutional and inherent

Is This Answer Correct ?    26 Yes 10 No

The nature of taxation..

Answer / veer

tds is a direct tax

Is This Answer Correct ?    15 Yes 14 No

The nature of taxation..

Answer / dhokchaule kishor

Their are two nature of taxation i.e Direct Taxes & Indirect
Taxes.
Direct Taxes- Income Tax
Indirect Taxes- 1) Service Tax 2)Vat (Sales Tax) 3)Central
Excise

Is This Answer Correct ?    9 Yes 8 No

The nature of taxation..

Answer / pearl marsada

There are 6 nature of taxation

1. for public purposes
2. it is inherently legislative
3. it is a territorial in application
4. it is subject to limitations under International comity
5. taxation distinguished from Police Power and Eminent Domain

Is This Answer Correct ?    0 Yes 0 No

The nature of taxation..

Answer / pema wangmo

1) compulsory contribution
2) personal obligation
3) general benefits
4) no quid pro que

Is This Answer Correct ?    0 Yes 2 No

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More Taxation Interview Questions

CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?

0 Answers   Ernst Young,


what is vat.how it calculated.example i purchased Rs.5000.how much percent charged vat.how post entry

2 Answers  


what is process of the TDS deduction?

2 Answers   Angel Broking,


Whether Tax will be deducted by Deductee as a Society for Construction Contact Rs 3000000 to a Company

1 Answers  


how to do T.D.S entries in account books

9 Answers  


what is long term capital gains & short term capital gains ?

7 Answers   Mphasis, TCS,


What is deffered tax liability?

5 Answers  


which amount filling in c form (in invoice) its urgent basic value of item + excise duty + cst

2 Answers  


What are the documents to be sent along with the stock sent by courrier to other branch. Its only internal transfer. Will it be enough if we dispatch by Delivery challan?

1 Answers  


Dear sir, mu question is that can one lunch (Tiffin) provider person mention both vat or service tax on his bill. pls. give me answer. EXPLAIN BRIEFLY.

0 Answers   Genpact,


What will be the rate of TDS on contractor if the amount paid in a year crosses Rs.75000/-

6 Answers  


What is the job of a accountant other than maintening accounts books?What type of Tax he should familiar to work as an Accountant?

0 Answers  


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