Arguments against Value Added Tax (VAT)
Value Added tax refers to the tax applied to value added as per prescribed rate. In fact, it is a multi-stage indirect tax imposed on…
Business
Arguments for Value Added Tax (VAT)
Value Added tax refers to the tax applied to value-added as per prescribed rate. In fact, it is a multi-stage indirect tax imposed on the…
Effect of Value Added Tax on the overall economic development
Effect of Value Added Tax on the overall economic development VAT is a tax, which is charged on the increase in value of goods and…
Value Added Tax (VAT)
Value Added Tax (VAT) VAT: Value Added tax refers to the tax applied to value-added as per prescribed rate. In fact, it is a multi-stage…
Tax Deduction at Sources
Tax deduction at source: In some specific areas, the paying authority is required to deduct tax at source before the income reaches to the hand…
Various Modes relating to Recovery of Tax
Various Modes relating to Recovery of Tax From the taxpayer’s point of view, this may mean a refund of tax. From the tax authorities’ point…
Advance Tax
Advance Tax: Income tax discipline lies on the basic principle that tax will be paid on income. It means income tax should be paid in…
Reasons for Tax Evasion and Tax Avoidance
Reasons for Tax Evasion and Tax Avoidance Tax evasion may be defined either as the understatement or concealment of a taxable object or as the…
Distinguish between Tax Evasion and Tax Avoidance
Tax evasion may be defined either as the understatement or concealment of a taxable object or as the failure to pay tax m time either…
Under what Circumstance can an Assessee Claim Tax Refund?
Tax refunds are a return of surplus amounts of income tax that a taxpayer has paid to the state or central government within the past…
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