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Tax
1. JAI NARAIN VYAS UNIVERSITY : JODHPUR
KNCW
Unit 3
LEGAL ASPECTS OF PROPERTY AND TAX
SUBMITTED TO :
DR. JYOTI MEENA
SUBMITTED BY:
DAMINI LOKHANDE
BSC. Home science final year
3. • Land law is the form of law that deals with
the rights to use, alienate, or exclude others from land. In
many jurisdictions, these kinds of property are referred to
as real estate or real property, as distinct from personal
property. Land use agreements, including , are an
important intersection of property and contract
law. Encumbrance on the land rights of one, such as
an easement, may constitute the land rights of
another. Mineral rights and water rights are closely linked,
and often interrelated concepts. Land rights are such a
basic form of law that they develop even where there is no
state to enforce them; for example, the claim clubs of
the American West were institutions that arose organically
to enforce the system of rules appurtenant to
mining. Squatting, the occupation of land without
ownership, is a globally ubiquitous.
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17. • A fee charged ("levied") by a government on
a product, income, or activity. If tax is
levied directly on personal or corporate income, then it
is a direct tax. If tax is levied on the price of a good or
service, then it is called an indirect tax. The purpose
of taxation is to finance government expenditure. One
of the most important uses of taxes is to finance public
goods and services, such as street lighting and street
cleaning. Since public goods and services do
not allow a non-payer to be excluded, or
allow exclusion by a consumer, there cannot be
a market in the good or service, and so they need to be
provided by the government or a quasi-government
agency, which tend to finance themselves
largely through taxes.
