Assessee Perception towards Direct Tax Code (DTC) 1 1‚2 Dept. of FMS‚ Gurukul Kangri University‚ Haridwar‚ UK‚ India tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system. The Philosophy behind such replacement is to make the Direct Taxes Code very easy and simple so that tax payers themselves can‚ without help of experts compute and file Income Tax Returns. In planning and framing
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The underlying principle of utilitarian theory is it seeks to punish offenders to discourage or deter future unlawful activity. However‚ the retributive theory seeks to punish offenders because they deserve to be punished (Net Industries‚ 2014). The utilitarian theory recognizes that punishment has penalties for both the offender and society. It holds that the total good created by the punishment should go beyond the entirety of evil; meaning punishment should not be unlimited. For example‚ releasing
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part‚ the principles of VAT‚ i.e. taxable persons‚ registration and deregistration‚ imports and exports‚ categories of supplies‚ different accounting schemes‚ and the administration of VAT‚ are discussed. I. Income tax is charged under the trading income provisions of Income Tax (Trading and Other Income) Act 2005 Part 2 on the profits of any “trade‚ profession or vocation whether carried on in the UK or elsewhere” . Accordingly‚ all self-employed have trading income regardless of their business
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place and we were produced only to be consumed?”. To continue this discussion‚ we must take it to a philosophical level... so let’s get started‚ shall we? On the one hand‚ there would be no point in this reading without talking about the Utilitarian Theory which believes that it is ethically satisfactory to keep raising animals for food on the off chance that we enhance their living conditions‚ however it is not ethically worthy to kill them .On the other hand‚ there are the Deontological
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judgments in both the arts and the natural sciences. It is my belief that ethical judgments should be based on reason rather than a belief or feeling in the pursuit of knowledge. Ethical judgments stem from two basic systems: utilitarian and deontological ethics. Utilitarian ethics implies that no moral act is right or wrong. Rather‚ the consequences that are associated with the act are the basis on which it could be considered good
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Justin Norman ECON 201: Short Paper 12/05/2012 Tax Reform There is effect when you talk about taxing a country as a whole and founding out that it actually helps or sometimes the functionality of the country to reform taxes as they weather away as time goes on. It was the unfair and demanding taxes the British put on the colonies in the 1700‚ as the American colonies were finding their identity and still under British rule‚ in which it lead to a Revolution. Nowadays‚ there is simply
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Explain the key features of Utilitarianism. Utilitarianism is the belief that the rightness of an action‚ rule or principle is to be judged by its presumed consequences. Whilst Kant developed his view that human beings were rational animals who can develop a moral society based on reason. Kant based his moral philosophy on what he regards as a priori knowledge. Utilitarian’s in coming to a conclusion about the rightness of an action‚ rule or principle‚ are forced to answer two fundamental moral
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Utilitarians have a very divided viewpoint on how situations should be approached in society. In that viewpoint there is a lot of variability from one situation to another. In this paper the topic of utilitarianism and what a utilitarian would do when placed in a situation of euthanasia is going to be discussed. With the general belief being each person has the same weight in creating happiness towards the situation what is best. Utilitarians often have to analyze many aspects to ensure they are
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SC 2279: (1977) 4 SCC 98: 1977 SCC (Tax) 536 Decided On: 31.08.1977 Bench: 7 Judge Bench consisting of the following Justices of the Supreme Court of India: Chief Justice M. Hameedullah Beg.‚ Justice N. L. Untwalia‚ Justice P. N. Bhagwati‚ Justice P. S. Kailasam‚ Justice S. Murtaza Fazal Ali‚ Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud. Brief facts of the case: The case dealt with the constitutionality of a certain pattern of sales tax legislation‚ calculated to counter
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Definition of Tax ; The word ‘tax’ has been derived from the French word ‘taxe’ and the Latin word ‘taxare’ which means ‘to charge’. Tax is a contribution exacted by the state. It is a non-penal but compulsory and unrequited transfer of resources from the private to the public sector‚ levied on the basis of predetermined criteria. According to P. E. Taylor‚ “ Taxes are compulsory payment to government without expectation of direct return in benefit to the taxpayer. According to
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