Answer Posted / ameet narayankhedkar
Governments provide a lot of services for the country. And
those services are not free. In order to pay for those
services they charge everyone taxes.
Taxes is how we pay for all the services we demand from our
country. Even if you do not use them the idea is that we are
united as one nation and we all pay our share.
Indirect taxes are:
To raise government revenue - to effectively raise revenue,
indirect taxes can be imposed upon price inelastic products
so that demand does not fall and thus revenue is gained
without impacting firms.
· To discourage consumption - higher prices will discourage
some spending on all products with a PED value of more than
1.
· To alter the pattern of consumption - certain goods can be
made more price attractive through lower taxes while goods
which have high marginal social cost can be made expensive
through taxation; e.g. increasing fuel taxes on airlines to
better reflect the damage they cause.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
Is advance paid wages has credit balance?
As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...
Expand-------ANCS
it is better to invest in which securities short term/long term or both? please reason4 the same
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?
distinquish between liquidity ratio and asset management ratio
sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
plz send me hsbs finance questions asked in the interview ans appitude also
Since minority interest is balance sheet item, and got brought foward figure, how to disclose brought forward figure in consolidation work sheet instead of we make adjustment on current year to show their share in subsidiary.
Short Answer on ________Accounts Payables
what is leverage n detail and tpoes of leverage with iagram?
I want to know with example of vat & Salestax
what is forecast
in which group under we will open donation and hamali weekly payment account or ledger
