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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
LEGAL ASPECTS OF 
PROPERTY 
OWNERSHIP
• 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.
• 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.
CANNONS 
OF 
TAXATIONS
• A set of criteria developed by 
Adam Smith that could be used 
to judge whether or not a tax was 
a 'good' tax. ...
CLASSIFICATION OF TAXES 
PROPORTIONAL AND PROGRESSIVE TAX 
DIRECT AND INDIRECT TAX 
SPECIFIC AND ADVALOREM TAX
THANKU

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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
  • 2. LEGAL ASPECTS OF PROPERTY OWNERSHIP
  • 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.
  • 19. • A set of criteria developed by Adam Smith that could be used to judge whether or not a tax was a 'good' tax. ...
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  • 21. CLASSIFICATION OF TAXES PROPORTIONAL AND PROGRESSIVE TAX DIRECT AND INDIRECT TAX SPECIFIC AND ADVALOREM TAX
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