Tax

Countervailing Duty Duties that are imposed in order to counter the harmful impact of import subsidies to protect domestic producers are called countervailing duties. They…

Advantages and Disadvantages of Value Added Tax Value Added tax refers to the tax applied to value-added as per prescribed rate. In fact, it is…

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…

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 VAT is a tax, which is charged on the increase in value of goods and…

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 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 From the taxpayer’s point of view, this may mean a refund of tax. From the tax authorities’ point…

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 Tax evasion may be defined either as the understatement or concealment of a taxable object or as the…