Report on Taxation System in India
WHAT IS TAX?
A tax is a "pecuniary burden laid upon individuals or property owners to support the government a payment exacted by legislative authority.” A tax "is not a voluntary payment or donation, but an enforced contribution, exacted pursuant to legislative authority" and is "any contribution imposed by government whether under the name of toll, tribute, tallage, gabel, impost, duty, custom, excise, subsidy, aid, supply, or other name." In other words, Tax is imposition...
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