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June 9th, 2016, 11:53 AM
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MBA Taxation Notes PDF
Hello, I want the notes of the taxation course offered in MBA. Will you please provide me? Hello, here I am providing you the notes of taxation of MBA course as under: Tax The term “Taxation” comes from the Latin word “Taxatio”. It means to determine the payable quantum on estimate. According to Justice Holmes “The price paid to the government for living in a civilized society is the tax. Characteristics It is a compulsory levy under taxing act. Tax payers cannot claim direct and proportionate or equivalent service for payment of tax. It is a price paid to the government for living in a civilized society. Objectives of tax: Collection of revenue Redistribution of income Economic control Protection of industry Economic development Full employment Raising national income in desired level Classification of Tax: A. on the basis of incidence i. direct tax ii. indirect tax B. on the basis of progression: i. Progressive tax ii. Proportionate tax iii. Regressive tax C. on the basis of base i. single Tax ii. multiple tax Role of tax in the economic development of a country: i. Productive use of available resources ii. Contribution towards budget fund iii. Direct investment iv. Control on the economy MBA Taxation Notes PDF Here I am providing you the file for the taxation notes as under; Last edited by Neelurk; February 7th, 2020 at 01:56 PM. |