The nature of taxation
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Answer / karen
the nature of taxation are:
1.inherent power of sovereignty
2. legislative in nature
3. territorial operation
4. public purpose
5. exemption of government
6. strongest among the inherent power of the state
7. subject of constitutional and inherent
| Is This Answer Correct ? | 22 Yes | 2 No |
Answer / jovy
1. inherent power of sovereignty
2. legislative in nature
3. territorial operation
4. public purpose
5. exemption of government
6. strongest among the inherent power of the state
7. subject of constitutional and inherent
| Is This Answer Correct ? | 26 Yes | 10 No |
Answer / dhokchaule kishor
Their are two nature of taxation i.e Direct Taxes & Indirect
Taxes.
Direct Taxes- Income Tax
Indirect Taxes- 1) Service Tax 2)Vat (Sales Tax) 3)Central
Excise
| Is This Answer Correct ? | 9 Yes | 8 No |
Answer / pearl marsada
There are 6 nature of taxation
1. for public purposes
2. it is inherently legislative
3. it is a territorial in application
4. it is subject to limitations under International comity
5. taxation distinguished from Police Power and Eminent Domain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pema wangmo
1) compulsory contribution
2) personal obligation
3) general benefits
4) no quid pro que
| Is This Answer Correct ? | 0 Yes | 2 No |
As an accountant what we have to do if purchaser is not paying us form C however we have charged tax at lower rate against form C?
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Vat Tax Paid comes under which head.
basic knowledge of accounting ?
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