Taxation
- Finance
What is Taxable Capacity – Absolute and Relative Taxable Capacity
The concept of taxable capacity is very significant from a nation’s point of view because it determines and refers to…
Read More » - Finance
What Are The Disadvantages Of Direct Taxes
Distinction between Direct Taxes and Indirect Taxes is that of ‘impact’ and ‘incidence’. If impact and incidence of a tax…
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What Are The Advantages of Direct Taxes
Taxes are broadly classified under two heads(1) Direct Taxes and (2) Indirect Taxes. Advantages of direct taxes over Indirect Taxes…
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Merits and Demerits of Progressive Tax System
Progressive Tax System: Progressive tax is a tax which increases or decreases with the increase or decrease in the income…
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Merits and Demerits of Proportional Tax System
Tax Impact or Incidence may be different individuals. On the basis of incidence of tax on various classes, tax can…
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What Are The 9 Canons Of Taxation In Economics
Tax is the major source of Government revenue. In the medieval times, no proper attention was given to the tax…
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What Are The Characteristics Of a Good Tax System?
A Good Tax System can contribute a lot to the economic development of a country and its national exchequer. Equitable…
Read More » - Business
Which Is Better – Tax or Public Debt?
Taxation certainly has an edge over public debt but the taxable capacity of the people is not unlimited. Hence, it…
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The Merits and Demerits of Taxation
The Government of a developing country more often resorts to two major sources to raise the necessary funds for the…
Read More » - Accounting
How to Calculate Income Tax Paid in Cash Flow Statement
Accounting For Income Taxes >> IAS 14 >> Determining income tax paid:Â The determination of income tax paid can be…
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