സ്ത്രീകള്‍ എങ്ങിനെ വസ്ത്രം ധരിക്കണം എന്ന് പുരുഷന്‍ നിഷ്ക്കര്‍ഷിക്കുന്നത് ശരിയോ? അല്ലെങ്കില്‍ തിരിച്ചും?

Monday, June 25, 2012

Some useful information about Tax and Economic crimes

Some useful information about Tax and Economic crimes


Taxes

 Taxes can be broadly divided  into two

Direct Taxes (ii) Indirect Taxes.

Personal Income tax, corporate tax, estate duty, gift tax and wealth tax come under direct taxes.

 Sales tax, excise duty, customs duty and service taxes come under indirect taxes.

Union Excise Duties are the chief source of revenue of the Central Government.  Excise duties, customs duties,
income tax, service tax and corporation tax are levied by the Central Government.

 Sales tax is the major source  of revenue to the State Government.

Land revenue, stamp duties and  registration fees are collected by the states.
 Estate duty on property other than agricultural income is collected by the central government.
 The agricultural income has been exempted from the Union Income Tax. But the states have the statutory powers to do that.

 Taxation is a part of fiscal Policy  Interest is a taxable income

 Octroi is the tax imposed on articles coming into a city; it simply means city tax.

 The most important source of revenue for the government -taxes.
 Direct Tax: It is levied directly. In India, two types of direct taxes are mainly
 (1) Personal annual estimate of expenditure and revenue of a country or a subordinate authority like a corporation
Article 112 of the constitution of India deals with budget or annual financial statement
Consolidated Fund in India
It consists of all revenue and loans  received by the government.
Contingency Fund
The fund comprises the sum placed at the disposal of the president to meet unforeseen expenditure.
Acts related with  Economic  Crime

Income Tax Act
Customs Act 1962
COFEPOSA, 1974
Central Excise and Salt Act, 1944
Antiquity and Art Treasures Act, 1972
Foreign Exchange Regulations Act, 1973
Import & Export (Control) Act, 1947
Banking Regulation Act, 1949
Foreign Contribution (Regulation) Act, 1976
Passport Act, 1920/IPC
 Please visit  http://nfpemavelikaradivision.blogspot.com
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