what is tax?

Answer Posted / k.poorna nanda kumar

Compulsory monetary contribution to the state's revenue, assessed and imposed by a government on the activities, enjoyment, expenditure, income, occupation, privilege, property, etc., of individuals and organizations.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.

1447


What is tha Central sales tax rate 2010 in andhrapradesh

2711


Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?

2642


How to calculate long term capital gain

1683


How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.

11154






what is excise

1872


what is city commodity tax

1580


What is Cenvat

3212


In TDS Challan, i had written the TAN No of my company wrongly and i file it to the Govt. what can i do now? is there any problem reg this? wat is my next step? shall i give any letter to TDS Circle in this regarding? how can i approach them? Kindly help me immdly with the procedure.

2115


What is turnover limit for Auditing of Service Tax, VAT, Income Tax, Provident Fund, P. Tax and WCT? Please mail me at gautam_ch2 @ rediffmail.com or call me at 09831707812.

2816


Which income is considered as accrued income?

645


anybody pls tell me about the service tax

1583


What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.

1637


Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?

654


What are the various forms used for VAT?

2760