Taxation, types, objectives

2. • COMPULSORY CONTRIBUTION TO STATE REVENUE
• INVOLUNTARY FEES LEVIED ON INDIVIDUALS CORPORATIONS
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• THE ACT OF IMPOSE TAXES IS CALLED TAXATION.

3. • KNOWLEDGE WHICH IS CONCERN WITH THE INCOME AND
EXPENDITURE OF PUBLIC AUTHORITIES
• STUDY OF REVENUE AND EXPENDITURE OF GOVERNMENT AT THE CENTER,
STATE AND LOCAL BODIES
• PUBLIC FINANCE. IT DEALS WITH
VARIOUS RESOURCES FROM WHICH THE STATE MIGHT DERIVES THE INCOME

4. • IMPORTANT SOURCE OF GOVERNMENTAL
REVENUE.
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• NOT PAID IN EXCHANGE FOR SOME SPECIFIC
THING

5. • RAISING REVENUE
• REGULATION OF CONSUMPTION AND PRODUCTION
• ENCOURAGING DOMESTIC INDUSTRIES
• REDUCING INCOME EQUALITY
• PROMOTING ECONOMIC GROWTH
• ENSURING PRICE STABILITY
• DEVELOPMENT OF BACKGROUND REGION

6. • TYPES
Direct tax Indirect tax

7. • BURDEN IS BORNE BY THE SAME PERSON ON
WHOM IT IS IMPOSED.
• DIRECT TAXES
• INCOME AND PROPERTY OF A PERSON
• CANNOT BE SHIFTED BY THE TAXPAYER

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9. • INITIALLY PAID BY ONE INDIVIDUAL , BUT
BURDEN OF WHICH IS PASSED OVER TO SOME OTHER INDIVIDUAL
• EXPENDITURE OF A PERSON
• PRODUCTION OR CONSUMPTION OF GOODS
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11. •
1. INCOME TAX
2. CORPORATE TAX
3. SALES TAX
4. PROPERTY TAX
5. TARIFF
6. ESTATE TAX

12. • ADMIN SMITH
1. EQUALITY
2. CERTAINTY
3. CONVENIENCE
4. ECONOMY

13. •
1. ECONOMIC ACTIVITY
2. INCOME INEQUALITY
3. ECONOMIC GROWTH
4.
5. PRICE STABILITY

14. 1. PUBLIC REVENUE
4 CANON'S OF TAXATION
OBJECTIVE OF TAX

15. Any question
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