what is tax?
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The govt plays an important role by making heavy
investments and expenditure on core areas like heavy
industries,infrastructure ,defence,internal
security,education ,poverty alleviation,employment
generation, public health etc For this purpose the govt
collects funds by levying taxes on product,income or
activity.This type of fund collection from public directly
or indirectly is called Taxation
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / ajoy kumar rai
TAX IS A COMPULSORY CONTRIBUTION MADE TO GOVT FOR ENJOYING
GOODS AND SERVICES RENDERED BY GOVT.
EXAMPLES:- INCOME TAX, WEALTH TAX, SALES TAX, VALUE ADDED
TAX(VAT),CUSTOM DUTY, EXCISE DUTY, OCTROI DUTY,
PROFESSIONAL TAX, ENTERTAINMENT TAX, TOLL ETC.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / k.poorna nanda kumar
Compulsory monetary contribution to the state's revenue, assessed and imposed by a government on the activities, enjoyment, expenditure, income, occupation, privilege, property, etc., of individuals and organizations.
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it means calculated by the who is earned money above
limitation and putting this tax his or him annul income
| Is This Answer Correct ? | 1 Yes | 6 No |
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Audit 
