TYPES OF TAXES : Imposition of tax in India is performed basically in two ways – by charging tax directly on income‚ wealth etc. which is known as Direct Tax and by levying tax directly on sales‚ production‚ import‚ export etc. which is known as Indirect Tax. The direct tax which is paid by individual to the Central Government of India is known as Income Tax. It is imposed on our income and plays a vital role in the economic growth & stability of our country. For years the Government is generating
Free Tax Taxation Indirect tax
Original article Cost-benefit of hospitalization compared with outpatient care for pregnant women with pregestational and gestational diabetes or with mild hyperglycemia‚ in Brazil Custo-benefício da hospitalização comparada ao atendimento ambulatorial em gestantes com diabetes pré-gestacional e gestacional ou com hiperglicemia leve‚ no Brasil Ana Claudia Molina CavassiniI‚ Silvana Andréa Molina LimaII‚ Iracema Mattos Paranhos CalderonIII‚ Marilza Vieira Cunha RudgeIV Hospital das Clínicas
Premium Obstetrics Pregnancy Childbirth
According to Businessdictionary.com‚ value added tax (VAT) is define as Indirect tax on the domestic consumption of goods and services‚ except those that are zero-rated (such as food and essential drugs) or are otherwise exempt (such as exports). It is levied at each stage in the chain of production and distribution from raw materials to the final sale based on the value (price) added at each stage. It is not a cost to the producer or the distribution chain members‚ and whereas its full brunt is
Premium Value added tax Marketing Tax
every transaction as the accounts audited for checking the validity of their claims. No I don’t agree with the trader who oppose VAT because VAT is the key to develop common domestic market through removal of trade barriers and simplification of indirect taxes and VAT
Premium Tax Taxation in the United States Taxation
surcharge increased from 5 percent to 10 percent. 7. The additional surcharges will be in force for only one year that is Financial Year 2013-14. 8. Rajiv Gandhi Equity Saving Scheme eligibility limit raised from Rs. 10 lacs to Rs. 12 lacs. Indirect Taxes: 1. No change in the peak rate of basic customs duty of 10 percent for non-agricultural products. No change in the normal rate of excise duty of 12 percent and the normal rate of service tax of 12 percent. 2. Reduction in duty on specified
Premium Taxation in the United States Tax Taxation
What is Value Added Tax (VAT)? It is a tax on consumption levied on the sale‚ barter‚ exchange‚ or lease of goods or services in the Philippines and on the importation of goods into the Philippines. It is an indirect tax‚ as provided in Section 105 of the NIRC. It is an indirect tax meaning the amount of tax may be shifted on the buyer‚ transferee or lessee of the goods‚ property‚ or services. The Code provides that the tax may be shifted to the consumer‚ most if not at all‚ taxpayers who are
Premium Tax Value added tax Taxation in the United States
RESEARCH PROPOSAL BY GROUP 26 THE EFFECTS OF HIGH RATES OF TAXES ON INDIVIDUALS AND CORPORATE INSTITUTIONS‚ (A CASE STUDY OF THE ACCRA METROPOLIS) Background of the study Government revenue is one of the major criteria through which many governments and states finance their developmental and economic projects. In most case the revenue to the government comes through the tax revenue or through the taxation of indigenes personal incomes and income to corporate institutions. In Ghana‚ revenue to the
Free Tax Taxation Value added tax
Procurement of Material iii. Manufacture in Bond iv. Export and Claim of Rebate Introduction Central Excise Duty is an indirect tax levied on goods manufactured in India for home consumption. When the goods manufactured in India are exported‚ they are exempt from excise duty. Generally‚ manufacturer of commodities is responsible to pay duty to the Government. This indirect taxation is administered through an enactment of the Central Government viz.‚ The Central Excise Act‚ 1944 and other connected
Premium International trade Export Duty
IMPORTANT BANKING TERMS 1. Balance of Trade : The value of a country’s exports minus the value of its imports. Unless specified as the balance of merchandise trade‚ it normally incorporates trade in services‚ including earnings (interest‚ dividends‚ etc.) on financial assets. 2. Balance of Payments : A list of all of a country’s international transactions for a given time period‚ usually one year. Payments into the country (receipts) are entered as positive numbers‚ called credits; Payments
Premium Tax Money Bank
Corporate Park‚ Peninsula Chambers‚ Ground Floor‚ Ganpatrao Kadam Marg‚ Lower Parel‚ Mumbai 400 013. Telephone: 91 + 22 + 2491 8123‚ 2491 2486‚ 6662 7007 Fax: 91 + 22 + 2491 5168 Email: indiaoppi@vsnl.com OPPI PRE-BUDGET MEMORANDUM - 2013-2014 INDIRECT TAXES A. CUSTOMS DUTY Sr. No. 1. Issue Justification Customs duty exemption/ reduction to Life Saving It is imperative that critical life saving drugs be made available to the drugs‚ diagnostic equipments and consumables thereof patients
Premium Pharmacology Pharmaceutical drug Value added tax