Tax is nothing but it is a charge made by goverenment on
the goods, on travelling,medicien, that is a sort of income
to the governemnt and these money is used for developing
perpouse.
Tax is a major source of revenue to the government. Taxes
can be classified into Direct taxes and Indirect taxes. It
is imposed by the government on the applicable persons.
It is a certain amount of money that is recieved from a
worker at the end of every year. This money goes to the
government where it is then payed for things such as
hospitality and services etc.
Tax is : compulsory exaction(payment) made under any statue.
Note: Tax is not given on the profot itself. Like in MAT a
company is obliged to pay tax even if the comoany shows
loss as per books.
It is a certain amount of money that is recieved from a
worker at the end of every year. This money goes to the
government where it is then payed for things such as
hospitality and services etc
# At 1st it is a govt revenue
tax is a very beneficial resource for the govt that is
charged on a person's at a limit of
income................that is further used for the public
wellfare.