what is tax?

Answers were Sorted based on User's Feedback



what is tax?..

Answer / krushna

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

what is tax?..

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

what is tax?..

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

what is tax?..

Answer / manju.mahi8

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

Post New Answer

More Taxation Interview Questions

the vendor is supplying us printing application forms including material and he add 5% vat is there any chance to deduct tds

1 Answers  


what is reverse charges in service tax

1 Answers  


IF XXX GOT AN ORDER FROM APTRANSCO AS WORKS CONTRACT NOW XXX PLACED AN ORDER TO YYY THAT TO SUPPLY 50% OF THE MATERIAL IN ORDER. NOW WHAT IS THE SALES TAX RATE HAVE TO CHARGE BY YYY TO XXX. NOW MY DOUGHT IS YYY IS NOT SUPPLING THE GOODS TO APTRANSCO, HE CANT CHARGE 4%, IF POSSIBLE PLEASE TELL ME THT HOW CAN HE .

0 Answers  


What items come under deferred tax liability?

0 Answers  


how to caluclate the central exicse duty? how to implemting in to tally ERP9?

0 Answers  






What is TDS? Please explain rate of TDS.

12 Answers   Accounting, ITC Infotech, KMC, vguard,


What is the VAT rate for Gold at present? How to calculate VAT for gold?

1 Answers  


I made donation which is covered u/s 35 (1)(ii)

3 Answers  


what is the vat rate for gold coin - 24 carrots in karnataka.

2 Answers  


what are the tax exempted allowances?

2 Answers  


How many heads are there under total income? Name them.

0 Answers  


what is the differnce between sales tax and service tax?

9 Answers   Saifee Industries,


Categories