Digressive Tax
Digressive tax is a mix of between the progressive tax and proportional tax. In the case of digressive tax, the …
Read MoreProportional tax
A proportional tax is the one where the tax rate remains in the same proportion whatever may be the …
Read MoreRegressive tax
A regressive tax is the one where tax liability of the individual decreases with taxable income. Here, the tax rate …
Read MoreCentrally Sponsored Schemes (CSS)
After the fourteenth finance commission award, the Central Government schemes are divided now into central sector schemes and centrally sponsored …
Read MoreCentral Sector Schemes
After the fourteenth finance commission award, the Central Government schemes are divided now into central sector schemes and centrally …
Read MoreCompetitive Federalism
Under competitive federalism, the various federal government units – the centre competes with states and vice-versa, and states compete …
Read MoreCooperative Federalism
According to the International Conference on Cooperative Federalism, “Cooperative Federalism is a concept of federalism in which national, state, …
Read MoreFiscal Policy Strategy Statement
The Fiscal Policy Strategy Statement, presented to Parliament as per the FRBM Act. The Strategy Statement outlines the strategic priorities …
Read MoreRetrospective taxation
A retrospective tax law is one that takes effect from a date before it is passed. In India the retrospective taxation issue became controversial when …
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