income

JPSC Prelims Notes for Economic Concepts and Indian Economy

Basic Features of Indian economy [su_posts template=”templates/list-loop.php” posts_per_page=”100″ tax_term=”1322″ tax_operator=”0″ order=”desc”] (I) NATIONAL INCOME ; Elementary concepts of national Income and methods of its calculation e-g,GDP, GNP, NDP, NNP, CSDP. NSDP, DDP at constant and current prices, at Factor Cost etc; (II) Inflation : Concept control of inflation : monetary, fiscal and direct measures. (III)Demographic … Read more

Poverty and Unemployment

Assessment of the Growth experience: POVERTY and Unemployment Poverty and unemployment are closely related High poverty has a multiplier effect on Quality Of Life, deprivation, Malnutrition, illiteracy and low Human resource development. Read morePoverty and Unemployment

Dividend Distribution tax

Understanding Dividend Distribution Tax: A Comprehensive Guide Dividends, the share of profits distributed by companies to their shareholders, are a crucial aspect of investing. However, the tax implications of receiving dividends can be complex, particularly in India, where the Dividend Distribution Tax (DDT) plays a significant role. This article delves into the intricacies of DDT, … Read more

Proportional Taxation

Proportional Taxation: A Fair and Equitable System? Proportional taxation, also known as a flat tax, is a system where everyone pays the same percentage of their income in taxes, regardless of their income level. This stands in contrast to progressive taxation, where higher earners pay a larger percentage of their income in taxes, and regressive … Read more

Vivaad se Vishwas Scheme

Vivaad se Vishwas Scheme: A Comprehensive Analysis The Indian tax system, while complex, is designed to ensure fairness and transparency. However, disputes between taxpayers and the tax authorities are an inevitable part of this system. These disputes can be time-consuming, costly, and emotionally draining for both parties. Recognizing this, the Indian government introduced the Vivaad … Read more

Tax Evasion

The Shadow Economy: Unmasking Tax Evasion and its Global Impact Tax evasion, the deliberate act of avoiding or minimizing tax obligations, casts a long shadow over global economies. It undermines government revenue, distorts markets, and fuels inequality. This article delves into the multifaceted nature of tax evasion, exploring its various forms, motivations, and consequences. We … Read more

Double Taxation Avoidance Agreements (DTAA)

Navigating the Global Tax Landscape: A Guide to Double Taxation Avoidance Agreements (DTAA) The globalized economy has fostered a complex web of international business transactions, leading to a potential for double taxation – a situation where the same income or capital is taxed twice by different countries. To mitigate this risk and promote cross-border investment, … Read more

Tax Expenditure

Tax Expenditures: Hidden Subsidies in Plain Sight Tax expenditures, often referred to as “tax breaks” or “tax loopholes,” are provisions in the tax code that reduce tax liability for specific individuals, businesses, or industries. They deviate from the standard tax system by offering preferential treatment, effectively providing a subsidy through the tax system. While seemingly … Read more

Wealth tax

The Wealth Tax: A Controversial Tool for Equality and Growth The concept of a wealth tax, a levy on an individual’s net worth, has re-emerged as a prominent policy debate in recent years. Proponents argue that it is a necessary tool to address growing inequality, fund public services, and promote economic stability. Opponents, however, contend … Read more

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