Tax Expenditure/Expenditure forgone
Tax expenditure are concessions and exemptions provided to the tax payers by the government. These concessions are aimed to …
Read MoreGender budgeting (GB)
Gender budgeting (GB) is a practice that accounts budgetary measures to support gender commitments. According to the Ministry of …
Read MoreOutcome budgeting
Outcome budgeting is a budgeting technique to design the budget. It is followed by corporate and governments. In India, …
Read MorePerformance budgeting
Performance budgeting is a budgeting technique under which an entity or the government crafts the budget by adopting certain …
Read MoreFunctional Classification (budget)
Functional classification was also followed to express the expenditure and receipts under various functional heads. A functional classification organizes …
Read MorePublic Account of India
The Public Account of India is a constitutionally created fund to park certain specially mobilised financial resources of the …
Read MoreContingency Fund of India
Contingency Fund of India is a constitutionally created mechanism to park the funds for meeting contingency needs of the …
Read MoreConsolidated Fund of India
Consolidated Fund of India is a constitutionally recognized Fund created for parking the identified revenues of the central government. …
Read MoreRevenue Budget
The budget of the central government is divided into two: revenue budget and capital budget. Revenue budget involves revenue receipts and …
Read MoreForeign Account Tax Compliance Act (FATCA)
The Foreign Account Tax Compliance Act (FATCA) is a US law designed to prevent tax evasion by US citizens using …
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