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    Taxation

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    Abid Taufiq
    This document discusses different types of taxes including direct taxes, indirect taxes, proportional taxes, and progressive taxes. It outlines the advantages and disadvantages of direct and indirect taxes. The document also describes characteristics of a good taxation system, listing 11 principles such as equality, certainty, convenience, economy, adequacy and productivity, elasticity, flexibility and stability of the economy, simplicity, diversity, uniformity, and not harming economic incentives.

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    Taxation

    Uploaded by

    Abid Taufiq
    2 views1 page
    This document discusses different types of taxes including direct taxes, indirect taxes, proportional taxes, and progressive taxes. It outlines the advantages and disadvantages of direct and indirect taxes. The document also describes characteristics of a good taxation system, listing 11 principles such as equality, certainty, convenience, economy, adequacy and productivity, elasticity, flexibility and stability of the economy, simplicity, diversity, uniformity, and not harming economic incentives.

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    This document discusses different types of taxes including direct taxes, indirect taxes, proportional taxes, and progressive taxes. It outlines the advantages and disadvantages of direct and indirect taxes. The document also describes characteristics of a good taxation system, listing 11 principles such as equality, certainty, convenience, economy, adequacy and productivity, elasticity, flexibility and stability of the economy, simplicity, diversity, uniformity, and not harming economic incentives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    2 views1 page

    Taxation

    Uploaded by

    Abid Taufiq
    This document discusses different types of taxes including direct taxes, indirect taxes, proportional taxes, and progressive taxes. It outlines the advantages and disadvantages of direct and indirect taxes. The document also describes characteristics of a good taxation system, listing 11 principles such as equality, certainty, convenience, economy, adequacy and productivity, elasticity, flexibility and stability of the economy, simplicity, diversity, uniformity, and not harming economic incentives.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 1

    Taxation

    Definition of Taxes

    Types of Taxes
    Direct Taxes
    Indirect Taxes

    Direct Taxes
    A
    B
    C

    Advantages
    Disadvantages

    Indirect Taxes

    Advantages
    Disadvantages

    Classification of Taxes on the Basis Of Rate


    Proportional Tax
    Merits
    Demerits

    Progressive Tax
    Merits
    Demerits

    Characteristics Of A Good Taxation System


    1. Principle of Equality
    2. Principle of Certainty
    3. Principle of Principle of Convenience
    4. Principle of Economy
    5. Principle of Adequency & Productivity
    6. Principle of Elasticity
    7. Principle of Flexibility & Stability of Economy
    8. Principle of Simplicity
    9. Principle of Diversity
    10. Principle of Uniformity
    11. Harmless for Economic Incentives

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