Tax evasion
Tax evasion is unlawful and is the result of illegality, suppression, misrepresentation and fraud. Here, the tax payer is not …
Read MoreTax avoidance
Tax avoidance is simply avoiding tax payment by exploiting the legal provisions provided to a tax payer. Since it is …
Read MoreTax buoyancy
Tax buoyancy explains this relationship between the changes in government’s tax revenue growth and GDP growth rate. It refers to …
Read MoreTax elasticity
It refers to changes in tax revenue in response to changes in tax rate. For example, how tax revenue changes …
Read MoreIndirect taxes
Indirect tax is a tax that is imposed on goods and services and is paid by an intermediary like prouder …
Read MoreDirect tax
Direct tax is a tax that is imposed on the income, wealth, capital gains etc., and is imposed based on …
Read MoreTax Compliance
Tax compliance is the timely and adequate submission of tax related information to the tax authorities and payment of taxes. …
Read Morelegal tender
Legal tender is legal status given to an instrument like currency note that it can be used as medium of …
Read MoreDemonetisation
Demonetization is technically withdrawal of the legal tender status of currency notes. Here, the word legal tender becomes very important …
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