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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.
| Is This Answer Correct ? | 0 Yes | 0 No |
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 |
Sir, An Awarder make part payment to the Contractor after deducting retention money @5%. The retention money will be paid to the contractor when the contract work is fully completed. Here my question is,when the Awarder has to deduct tax on retention money, at the time of deducting the retention money or at the time of payment of retention money when the contract is completed? Here "Tax" means Income Tax, VAT, Service Tax etc. Please reply Thanking You
What is mean by FBT (Fringe Benfit Tax)? How to calculate this?
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How to calculate the TDS
0 Answers Manufacturing, Wipro,
how we calculate the tds on salary.
can some one pls explain briefly about 'Differed Tax'?
The nature of taxation
I want to now that if we have excises of input of Excise duty but not cess due the add duty on capital good can be adjusted agst 10 % excises so can we pay only cess amount.
Please tell me about TDS, VAT, CST, Service tax with latest rate?
17 Answers Ambica, Apollo Tyres, DELL, Empire, GI, GSNA, Idea, Indu Projects, Jai Enterprises, JMD Group, KK Bhansali, Marck Biosciences, National Genset Power Corporation, Pharmaceutical, Sangam Group, Satyam, Shipping Corporation of India, Shubham, Tech Mahindra, TVS, Vico, Vijay Industries,
From when is the increased excise duty @2% applicalbe, is it from day it was announced or from 1st April 2010 .
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i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not
Audit 
