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  • What Is Tax

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    kishan4374
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    Income Tax was Imposed in 1798 in order to raise money needed by the British Government to meet the financial difficulties created by the war with france. Income Tax was introduced by the British Ruler in 1860, in order to meet the heavy expenses and losses suffered by the rulers due to India's first freedom movement of 1857. Act of 1918 was enacted to rectify the shortcomings of the 1918 Act the Act of 1922 for the first time introduced the concept of aggregation of income of a person from all

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    What is Tax

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    Income Tax was Imposed in 1798 in order to raise money needed by the British Government to meet the financial difficulties created by the war with france. Income Tax was introduced by the British Ruler in 1860, in order to meet the heavy expenses and losses suffered by the rulers due to India's first freedom movement of 1857. Act of 1918 was enacted to rectify the shortcomings of the 1918 Act the Act of 1922 for the first time introduced the concept of aggregation of income of a person from all

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    17 Ansichten7 Seiten

    What Is Tax

    Hochgeladen von

    kishan4374
    Income Tax was Imposed in 1798 in order to raise money needed by the British Government to meet the financial difficulties created by the war with france. Income Tax was introduced by the British Ruler in 1860, in order to meet the heavy expenses and losses suffered by the rulers due to India's first freedom movement of 1857. Act of 1918 was enacted to rectify the shortcomings of the 1918 Act the Act of 1922 for the first time introduced the concept of aggregation of income of a person from all

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Als PPT, PDF, TXT herunterladen oder online auf Scribd lesen
    Markieren Sie unangemessene Inhalte
    von 7
    What is Tax Tax is the amount which is levied by the Government from the Public for the Public When Government Started to take Tax e Income Tax and other Direct Tax are the Invention of the British Government e Income Tax was Imposed in 1798 in England in order to raise money needed by the British Government to meet the financial difficulties created by the war with France e It levied only one rate of income Tax which was one shilling on an income of 1 £ i.e.5% The Act of 1803 introduced for the first time the principle of “Taxation at the Source”. With Some Changes The Act of 1806 was passed by which the rate of tax was increased to 2 ceiling in a £ , which continued until 1815. for some time no income tax was levied and the Act lapsed

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