answersLogoWhite

0

CESS is a synonym for tax, duty, fee, etc.

When tax is applied to income, its called INCOME TAX...

When tax is applied to goods, its called DUTY, say, EXCISE DUTY, CUSTOMS DUTY, etc...

When tax is applied to a particular purpose, its called CESS, say, EDUCATION CESS, HIGHER & SECONDARY CESS...

User Avatar

Wiki User

14y ago

What else can I help you with?

Trending Questions
Difference between public bank and a private bank? A is used to check for understanding and is not a scored activity? In this revolution goods were bought and sold? Definition of budget padding? How do you reallocate a transaction among multiple accounting codes? What is the journal entry of issue of shares? Firms that successfully increase their rates of inventory turnover will? Why are applying for clerk? What is the reorganization which management revalue the assets and eliminates the deficit by charging it to other equity account without the creation of new corporate entity? How much education does a tax preparer need? How do we calculate Knitting garment costing? What does TAT stands for in business? WHAT of the emass provides automation through the c and a package accountability through roles and pki extensibility will scale to any enterprose size? What is differanciate prime cost from conversion cost? How does accrual basis net income provide a better measure of performance than net operating cash flow? What is the classifying process in accounting? How should an unusual event not meeting the criteria for an extraordinary item be disclosed in the financial statements? How do you calculate the average collected balance? 1040 is the Most Used IRS Income Tax Form? Linus Company uses the percent of sales method to estimate uncollectibles Net credit sales for the current year amount to 130000 and management estimates 2 percent will be uncollectible Allowance for?