Notes and Study material for Exams
The Invisible Hand of Taxation: A Deep Dive into Indirect Taxes Indirect taxes, often referred to as “hidden taxes,” play a crucial role in modern economies. They are levied on goods and services rather than directly on individuals or businesses, making them a less visible but nonetheless significant source of revenue for governments. This article … Read more
Understanding the Complex World of Taxes: A Comprehensive Guide to Types of Taxes Taxes are an integral part of modern society, serving as the primary source of revenue for governments to fund public services, infrastructure, and social programs. From the moment we earn our first paycheck to the time we purchase a new car, taxes … Read more
The Complex Dance of Federalism: Taxes Levied by the Centre, Collected and Appropriated by the States (Article 268) The Indian Constitution, a masterpiece of federalism, meticulously outlines the division of powers between the Centre and the States. This intricate balance extends to the realm of taxation, where both levels of government have the authority to … Read more
Philosophes such as Voltaire considered England’s government the most progressive in Europe. England’s ruler was no despot, not even an enlightened one. His power had been limited by law. The Glorious Revolution of 1688 had given England a