TAX STRUCTURE IN INDIA Introduction: India has a well-developed tax structure with clearly demarcated authority between Central and State Governments and local bodies. Central Government levies taxes on income (except tax on agricultural income‚ which the State Governments can levy)‚ customs duties‚ central excise and service tax. The Tax Structure in India is quite strong and follows the financial year. The taxation under the tax structure in India is applicable for any kind of income pertaining
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Effectiveness of ‘fat tax: The effectiveness of the fat tax Elasticity: when consumer is changing pattern of buying according to the change in price‚ eg. When its espcial they tend to buy more and if the price rises they don’t want a lot and if they don’t need they don’t even buy it. Inelasticity: when consumers buy products that they need the most and even if the price rise they buy it. Basic needs products‚ and if the prise is low they don’t buy more than what they need. The link between
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Unit 3 Assignment 1: Homework Short Answer 5‚ 6 p. 71 5. What two things must you normally specify in a variable declaration? You must specify the variable type and identifier. 6. What value is stored in uninitialized variables? Some languages assign a default value as 0 to uninitialized variables. In many languages‚ however‚ uninitialized variables hold unpredictable values. Algorithm Workbench Review Questions 3-10 p.71 3. Write assignment statements that perform the following operations
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taxable person. GST is also charged on the importation of goods and services. A taxable supply is a supply which is standard rated or zero rated. Exempt and out of scope supplies are not taxable supplies. GST is to be levied and charged at the proposed rate of 6% on the value of the supply. GST can be levied and charged only of the business is registered under GST. A business is not liable to be registered of its annual turnover of taxable supplies does not reach the prescribed threshold. Therefore‚ such
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and Technology 64 2012 Impact of Changes in Excise Tax Rate for Strong Alcohol on Consumption and State Revenues in Latvia A. Strateičuks‚ V. Kaže‚ R. Škapars Abstract—State tax revenues in most countries started to decrease during the recession. Government of Latvia decided to compensate the decline by increasing rates of several taxes including excise tax on strong alcohol. The total increase in 2009 constituted 42% and the rate increased from 896€ to 1 266€ for 100l of absolute alcohol
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important component of the financial planning process is tax planning‚ which is the structuring of transactions with the intent reducing tax costs and gaining tax benefits. Strategic tax planning is a common occurrence in the business world because of its ability to help companies maximize their after-tax value. Typically‚ firms use the services of outside specialists‚ also known as tax researchers‚ in tax planning. The role of the tax specialist is to determine the optimal business decisions
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24-27 V. Ways to eradicate crimes………………………………….27-29 Chapter III: Summary‚ Conclusion and Recommendation A. Summary…………………………………………...30 B. Conclusion………………………………………….31 C. Recommendation………………………………….32 Bibliography……………………………………………………………..33 1 Chapter 1 The Problem A. Introduction Crime denotes an unlawful act punishable by a state. The term crime does not‚ in modern criminal law‚ have any simple and universally accepted definition‚ though statutory definitions
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Ram Jam – “Black Betty” (1977) In 1939 the Musicraft Recording Label released a record which included the track‚ “Black Betty” by William Huddie Leadbetter better known as “Lead Belly.” “Black Betty” had been said to be originated as far back as the 18th century or the early 1930’s. Lead Belly was the first one to ever commercially record it however‚ giving him most of the credit for the song. Lead Belly was an iconic American folk and blues musician‚ notable for his strong vocals‚ twelve-string
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act and started to protest and as a result the tax started to lower‚ later it died out. Protest didn’t stop just there but continued once the Quartering Act came out in 1765. This made colonist provide food to British troops. While making this new act they started to enforce a new tax called the stamp tax. This tax was not for the debt‚ but to support the new military force. The tax was for all legal documents to be stamped which certified that the tax was paid. Again‚ the Americans began to protest
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Channel Four News Team | Effects of Cigarette Tax In America | Cigarette Tax | | Justin Hochstetler‚ Rachel Krug‚ Robbie Mostek‚ Randi Westervelt | 12/5/2011 | | Cigarette Consumption What are the economic impacts of cigarette taxes on producers‚ consumers‚ and government in the United States? The motivation of the study is to find out whether cigarette taxes really decrease consumption. If they don’t‚ what are the possible alternative solutions to decrease consumption? Lastly
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