what is tax? what is taxation, history, and what is taxation? tax authorities, why tax levied Types of taxation, types of tax, direct tax indirect tax. principles of good tax, Complete ppt on tax, excise duty, sales tax, customs duty, value-added tax, Income tax, wealth tax, gift tax, property tax, conclusion. #tax #direct tax #indirexct tax. #tax authorities# progressive tax #regressive tax #specific duty #incidence of tax #impact of tax.
Tax Planning Concept and tax planning with specific managerial decisionsSundar B N
In this ppt most of the tax planning concepts are covered. Tax planning, Tax evasion, tax avoidance, tax planning with inter corporate dividend and Bonus share. Tax Planning with specific managerial decisions are covered.
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Tax Planning Concept and tax planning with specific managerial decisionsSundar B N
In this ppt most of the tax planning concepts are covered. Tax planning, Tax evasion, tax avoidance, tax planning with inter corporate dividend and Bonus share. Tax Planning with specific managerial decisions are covered.
Subscribe to Vision Academy for Video assistance
https://www.youtube.com/channel/UCjzpit_cXjdnzER_165mIiw
Types of Taxes, Taxes are essential to the functioning of any country, as they are the primary source of revenue for the government. While taxes may seem like a complicated subject, they are essential to maintaining the infrastructure of our country. There are several types of taxes that individuals and businesses have to pay, each with its own set of rules and regulations. In this article, we will explore the different types of taxes and how they work.
If you go through this whole document very carefully, then it will helps you to understand the overall concept of GST, which is the new taxation system of India.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
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What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
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If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
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how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
2. A part of public incomes collected by government.
Tax is a compulsory demand money by public
authority for public purpose and is enforcable by law.
In other words we can say taxes are financial
contribution by individuals and organization.
3.
4.
5.
6.
7. TYPES OF
TAXATION
On the basis
of relationship
between Tax
Base & Tax
Rate
On the basis
of
Method of
Assessment
On the basis
of
Impact &
Incidence of
Tax
8. Proportional taxes:- Taxes which are in direct proportion to the change in Tax
Bases. The base could be income, value of goods, property etc. In proportional
tax system, same percentage of tax is levied on all tax payers, regardless of their
income.
For example:- Property tax is based on proportion of value of property. If
the tax base i.e. value of property tax goes up and if the value of property goes
down the tax also goes down,
Progressive tax :- Taxes which increase with the increase in income,
For example:- Income tax. If the income of individual is up to
Rs.250000/-
The tax rate is NIL , and if income is from 250000/- to 5000000/- tax rate is 5%, If
income is from 5000000/- to 1000000/- , tax rate is 20%.
Regressive tax:- With the increasing in the income, the tax rates decreases, in
such regressive taxes. This system of taxation generally benefits the higher
section of the society having higher incomes as they need to pay tax at lesser.
On the other hand,
People with the lesser incomes are burdened with higher rate of taxation.
A person earning Rs. 1,00,0000 p.a. might be required to pay taxes at 50%
9. Degressive Tax:- Taxes which are mildly progressive. Such taxes may be first
increased to some limit and then after one point they may be charged according to
a fixed flat rate. For example:- Income tax increase up to income of Rs. 10lacs and
there after rate of 30% applies.
Specific Duty:- Taxes levied according to some unit of a product is called as
Specific Duty. For example, Excise duty on cigarettes are levied on the basis of
the length of the cigarettes.
Ad- valorem tax:- Taxes levied on the basis of value of the goods is called as Ad-
Valorem Duty. It is generally expressed in percentage form. Central GST is an ad-
valorem tax.
Incidence of Tax:- Impact of tax means the first burden of tax. Incidence of Tax
falls on a person on whom the tax levied on the first time. Incidence of tax can be
shifted to other persons.
Impact of Tax:- Impact of tax means the ultimate/final burden of tax. Impact of tax
falls
On the persons who ultimately bears the burden of Tax i.e. the consumer. On the
basis of incidence and impact of tax, a tax can be either Direct Tax or Indirect
Tax.
13. Income Tax Act is also called the IT Act, 1961. Income Tax
in India is governed by the rules set by this act. The
income taxed by this act can be generated from any source
such as profits received from salaries and investments,
owning a property or a house, a business, etc. The IT Act
defines the tax benefit you can avail on a life insurance
premium or a fixed deposit. It also decides the savings
from your income via investments and the tax slab for
your income tax.
14. A wealth tax is a tax levied on the net fair market value of a taxpayer’s
assets.
A wealth tax applies to the net fair market value of all or some of a
variety of asset types held by a taxpayer, including cash, bank deposits,
shares, fixed assets, personal cars, real property, pension plans, money
funds, owner-occupied housing, and trusts.
France, Portugal, and Spain all have wealth taxes.
It helps to remove in equality.
NET WORTH TAX = ASSETS-LIABILITIES
15. Gifts up to Rs 50,000 in a financial year are exempt
from tax. However if you receive gifts higher than this
amount, the entire gift becomes taxable.
For example, if you receive Rs 75,000 as a gift from
your friend, the entire amount of Rs 75,000 would be
added to your income and taxed at your slab rate.
Property tax is the annual amount paid by a
land owner to the local government or the
municipal corporation of his area. The
property includes all tangible real estate
property, his house, office building and the
property he has rented to others.
For example, if you are receiving Rs. 1.2 lakh as rent annually
on a house you have let out, and you are paying Rs. 40,000 as
municipal taxes, then the Net Annual Value of your house is
Rs. 80,000, and you have to pay tax only on this amount.
16. Excise Duty is an indirect tax. This means that the end consumer is not
responsible for paying the tax to the government, but they do cover the
cost of the tax by paying more for the product.
By making products more expensive, Excise Duty is supposed to
discourage the consumption or waste of goods that are deemed to be
harmful to consumers' health or damaging to the environment. Typically,
Excise Duty covers alcohol, tobacco, and some energy products.
A sales tax is a tax paid to a governing
body for the sales of certain goods and
services. Usually laws allow the seller to
collect funds for the tax from the
consumer at the point of purchase.
Sales tax is an amount of money, calculated as a percentage,
that is added to the cost of a product or service when purchased by a
consumer at a retail location.
17. Customs Duty is a tax imposed on imports and
exports of goods.
Customs Duty’ refers to the tax imposed on the
goods when they are transported across the
international borders. The objective behind
levying customs duty is to safeguard each nation’s economy, jobs,
environment, residents, etc., by regulating the movement of goods,
especially prohibited and restrictive goods, in and out of any country.
A value-added tax (VAT) is a consumption tax
placed on a product whenever value is added
at each stage of the supply chain, from
production to the point of sale. The amount
of VAT that the user pays is on the cost of the
product, less any of the costs of materials used in the product that have
already been taxed.