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What is difference between tax and duty?
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
What is an example of a tax on consumption?
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
What are the four taxes that our governments collect?
Sales tax Income tax Property tax Inflation tax Inheritance tax Poll tax Social Security tax Tariff tax Wealth Tax Financial transaction tax Expatriation tax Currency transfer tax Environmental tax Capital gains tax Bank tax
What is Personal Tax?
A personal tax is a direct tax levied on a taxpayer. One example of a personal tax is the tax imposed on the income of a person.
What is an example of an investment account where the interest earned is tax-exempt?
There are several options that offer tax-exemptions on the federal level but not always on the state or local level. One example of an option that allows interest to be tax-exempt are municipal bonds. Tax laws vary by state so the tax-exemption may be void for a resident purchasing a bond in another state.
Which of these is an example of a tax on wealth?
Real estate tax
Is wealth tax a direct tax or indirect tax?
direct tax
What are the WEALTH tax rates in Pakistan for 2010?
Wealth Tax has been abolished in Pakistan since 2002.
What are examples of direct tax?
The two examples of direct tax is Income tax and Wealth tax.
What are the three types of taxes?
Income Tax, Sales Tax (VAT), Wealth Tax
What are two examples of direct tax?
The two examples of direct tax is Income tax and Wealth tax.
What is property criteria for obc creamy lear?
A family can hold wealth below Rs. 30 lakhs value without paying wealth tax. Above this limit children are creamy layer. Exemptions from wealth tax are available in central government "wealth tax act".
What type of tax is wealth tax?
The assets owned by a private person are subject to wealth tax, when the assets are transferred to the beneficiary. The wealth tax are used by the state in order to redistribute wealth in society . In the UK, at different times , it was called variously: the estate duty, tax on transfer of capital (capital transfer tax) and currently existing inheritance tax . Assets ( real estate, stocks , bonds, etc. ), the value of which does not exceed 250 thousand , are not subject to taxation . The wealth tax is charged on the basis of a flat tax rate of 40% with the assets whose value is above of 250 thousand.
What has the author Sajjad Hassan written?
Sajjad Hassan has written: 'Wealth tax made easy' -- subject(s): Law and legislation, Wealth tax
Would a stamp collection be considered in a wealth tax?
There is no such thing as a Wealth Tax in the United States. Please let me know what you are actually asking and I will try to help you.
What is duty (as in tax)?
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
Sales tax is an example of what kind of tax?
It's an example of blue tax
