ALLInterview.com :: Home Page KalAajKal.com
 Advertise your Business Here     
Browse  |   Placement Papers  |   Company  |   Code Snippets  |   Certifications  |   Visa Questions
Post Question  |   Post Answer  |   My Panel  |   Search  |   Articles  |   Topics  |   ERRORS new
   Refer this Site  Refer This Site to Your Friends  Site Map  Bookmark this Site  Set it as your HomePage  Contact Us     Login  |  Sign Up                      
tip       Ask Questions on ANYTHING, that arise in your Daily Life at     FORUM9.COM
Google
 
Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
what is tax?
 Question Submitted By :: Vinod Kumar.v
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is tax?
Answer
# 1
A TAX IS A PAYMENT MADE BY THE PERSON WHO HAS EARNED INCOME 
DURING A YEAR  TO THE GOVERNMENT.
 
Is This Answer Correct ?    68 Yes 19 No
Anku
 
  Re: what is tax?
Answer
# 2
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.
 
Is This Answer Correct ?    62 Yes 9 No
Nancy
 
 
 
  Re: what is tax?
Answer
# 3
An income tax is a tax levied on the financial income of 
persons, corporations, or other legal entities.
 
Is This Answer Correct ?    24 Yes 12 No
Sonali
 
  Re: what is tax?
Answer
# 4
A compulsary payment to government on income earned by 
individuals/entities with out any "QUID-PRO-
QUO"[consideration].
 
Is This Answer Correct ?    26 Yes 9 No
Ramakanth
[Na]
 
  Re: what is tax?
Answer
# 5
Tax means this amout we have to pay the Govt.
Tax is liable for us.
 
Is This Answer Correct ?    22 Yes 9 No
Sanjeev Dogra
 
  Re: what is tax?
Answer
# 6
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.
 
Is This Answer Correct ?    26 Yes 6 No
Sandhya
 
  Re: what is tax?
Answer
# 7
Tax is a monetary value which is paid to Govt.
 
Is This Answer Correct ?    13 Yes 11 No
Sunil
 
  Re: what is tax?
Answer
# 8
it is a govt revenue
 
Is This Answer Correct ?    14 Yes 12 No
Rajthilak
 
  Re: what is tax?
Answer
# 9
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.
 
Is This Answer Correct ?    13 Yes 7 No
Katey
 
  Re: what is tax?
Answer
# 10
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.
 
Is This Answer Correct ?    8 Yes 7 No
Deepak Jha
 
  Re: what is tax?
Answer
# 11
Taxes are compulsory payment to government without 
expectation of direct return in benifit to the tax payer.
 
Is This Answer Correct ?    10 Yes 3 No
Bappi
 
  Re: what is tax?
Answer
# 12
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
 
Is This Answer Correct ?    10 Yes 3 No
Rajesh Jha
 
  Re: what is tax?
Answer
# 13
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.
 
Is This Answer Correct ?    8 Yes 3 No
Alka Gupta
 
  Re: what is tax?
Answer
# 14
Tax commited to govt on income of a tax payer.
 
Is This Answer Correct ?    7 Yes 1 No
Swapnil
 
  Re: what is tax?
Answer
# 15
tax is paying by goverment.goverment good's people by 
mecindie's,travilling,proection need's by tax.
 
Is This Answer Correct ?    3 Yes 0 No
Rahul Kumavat
 
  Re: what is tax?
Answer
# 16
They are a charge imposed by the government on people, 
entities, or on property in order to raise revenue.
 
Is This Answer Correct ?    3 Yes 0 No
Rahul
 
  Re: what is tax?
Answer
# 17
a sum of money demanded by a government for its support or 
for specific facilities or services, levied upon incomes, 
property, sales, etc.
 
Is This Answer Correct ?    4 Yes 0 No
Max
 
  Re: what is tax?
Answer
# 18
It is a financial charge which is charged by the Government 
from the assessee. Assessee may be a person,artificial 
juditial person,Trust,HUF,Etc.
 
Is This Answer Correct ?    4 Yes 0 No
Munna Paswan
 
  Re: what is tax?
Answer
# 19
Tax is a compulsory levy imposed by the government.people
pay to the government based on what they earn,what they earn
and what they purchase.
 
Is This Answer Correct ?    3 Yes 1 No
Sumon Ahmed
 
  Re: what is tax?
Answer
# 20
compulsory income to the government
 
Is This Answer Correct ?    0 Yes 0 No
Emmanuel
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
Operating Income means--------------------------  1
what happens if LIFO Price Increases?  3
What is Contingent Liabilities?  3
what will be entry for bank charges in cash book  3
what is transaction? Capital-IQ5
what is derivative? Capital-IQ5
Expand---------DTRE  5
What is the meaning of cost center? FIC4
what is the e mail id of customercare of axis bank powerkome loan? Axis-Bank1
basic rules in accounting CA5
TDS form 501A issued to Contractor, which form issued to sub - contractor ?  2
Expand ________DAVP  1
what is Capital WIP?  3
What are the golder rules of Accounts ? IBM24
Give some example of real,personal & nominal accounts , & which kind of a/c reflect p&l & BS.  4
what is serviuce tax,how to calculate service tax?  7
What is Financial? Capital-IQ2
can depreciation on live stock?  2
Expand----------KIOCL  1
Expand CCA?  2
 
For more Accounting AllOther Interview Questions Click Here 
 
 
 
 
 
   
Copyright Policy  |  Terms of Service  |  Help  |  Site Map 1  |  Articles  |  Site Map  |   Site Map  |  Contact Us interview questions urls   External Links 
   
Copyright © 2007  ALLInterview.com.  All Rights Reserved.

ALLInterview.com   ::  Forum9.com   ::  KalAajKal.com