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what is tax?
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Answer / anku
A TAX IS A PAYMENT MADE BY THE PERSON WHO HAS EARNED INCOME
DURING A YEAR TO THE GOVERNMENT.
| Is This Answer Correct ? | 285 Yes | 78 No |
Answer / sandhya
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 ? | 97 Yes | 19 No |
Answer / ramakanth
A compulsary payment to government on income earned by
individuals/entities with out any "QUID-PRO-
QUO"[consideration].
| Is This Answer Correct ? | 92 Yes | 31 No |
Answer / sanjeev dogra
Tax means this amout we have to pay the Govt.
Tax is liable for us.
| Is This Answer Correct ? | 82 Yes | 31 No |
Answer / sonali
An income tax is a tax levied on the financial income of
persons, corporations, or other legal entities.
| Is This Answer Correct ? | 94 Yes | 46 No |
Answer / deepak jha
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 ? | 39 Yes | 20 No |
Answer / katey
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 ? | 44 Yes | 26 No |
Answer / bappi
Taxes are compulsory payment to government without
expectation of direct return in benifit to the tax payer.
| Is This Answer Correct ? | 28 Yes | 13 No |
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