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Income Tax Income Tax: By: Ms. Rachna Thakkar Assistant Professor SXCMT
Income Tax Income Tax: By: Ms. Rachna Thakkar Assistant Professor SXCMT
By:
By: Ms.
Ms. Rachna
Rachna Thakkar
Thakkar
Assistant
Assistant Professor
Professor
SXCMT
SXCMT
What is Tax?
• Source of Revenue to the Government.
• Indirect Taxes:
Paid on the purchase of goods or services. Eg. GST,
Custom Duty.
Utilization of Taxes
To Spend on Defense of the nation like purchase of arms
and ammunition, salary and welfare expenses of soldiers
etc.