There are 3 principal ways for generating income viz. : labour, capital and/or combination of both. Income generated by use of labor is called employment.
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Basics
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Basics
Tax Policy
A tax payer is also known as an assessee. Every country have different acts governing the duities of taxpayers. Hence a taxpayer is requred to fulfill following duities in accordance to a country's tax act
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Tax Collection
Collection of Tax is one of the most important functions of tax administration. The methods of tax collection vary from country to country. The general methods, however, can be manipulated as:
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VAT
We have already included Value added tax (VAT) in our classification. So, VAT is an indirect Tax.
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Tax Certificate
These are the certificates commonly used in matters related to taxation. They are of 3 types mainly
- Tax exempt certificate
- Tax clearance certificate
- TDS certificate
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Attroneys
Income Tax
These are the peoples and places concerned with the administration of income tax . Most of the country have income tax department or the VAT department
