Skip to main content

Which taxes are imposed and collected by the state government?

An inheritance or Estate duty is a tax on the total market value of a person's assets (cash and non-cash) at the date of his or her death. It does not matter if the person has a will or not, the assets are still subject to estate duty. The deceased person's assets, as a whole, are called an estate.A former death duty levied on property from 1889. It was replaced in 1975 by capital transfer tax and in 1986 by inheritance tax.

Ans : Estate duty ,Sales tax and Land revnue

Sales tax

A sales tax is a consumption tax imposed by the government on the sale of goods and services. A conventional sales tax is levied at the point of sale, collected by the retailer, and passed on to the government.In India, policies regarding sales tax are governed by the Central Sales Tax Act, 1956. It lays down rules pertaining to tax laws that are binding on the sale and purchase of goods, as well as sales taxes chargeable by the central government. The Central Sales Tax on a particular product is paid in the state where it is being purchased.

Land revenue

The Constitution allocates this function to state governments, which generally levy nothing on farmers, though many levy hefty rates of tax on plantations. There is a tax on land, called land revenue. Collecting small amounts of agricultural income tax from millions of farmers is administratively impossible.

Comments

  1. This is corcues news

    ReplyDelete
  2. My wife and i have been now fulfilled when Raymond managed to complete his investigations through your ideas he gained in your web page. It’s not at all simplistic to simply be making a gift of facts which a number of people may have been trying to sell. And now we keep in mind we’ve got the writer to be grateful to for this. Most of the illustrations you’ve made, the simple web site navigation, the relationships you can assist to create – it’s got most awesome, and it’s helping our son in addition to our family do think the article is satisfying, and that’s unbelievably vital. Thank you for the whole thing!

    ReplyDelete

Post a Comment

Popular posts from this blog

Stephen Hawking

Professor Stephen William Hawking was born on January 8, 1942 in Oxford, England. He was known for his groundbreaking work with black holes and relativity. Moreover, he was the author of several popular science books, including A Brief History of Time and Black Holes and Baby Universes and Other Essays.WATCH: When Albert Einstein, Issac Newton and Stephen Hawking played pokerHawking had thirteen honorary degrees. He was also a Fellow of the Royal Society and a member of the US National Academy of Sciences and the Pontifical Academy of Sciences.In 1963, Hawking was diagnosed with ALS, a form of Motor Neurone Disease, pretty much after his 21st birthday. Though he was wheelchair-bound and dependent on a computerized voice system for communication, Hawking continued with his family life (he has three children and three grandchildren) with his research into theoretical physics.A timeline of Stephen Hawking's life On March 14, 2018, Stephen Hawking died at the age of 76 at his home in C...

Different name of India

Many of us know India either by the name of "India" or "Bharata". Some who have a little interest in history, also, know India by the name of "Bharatvarsha" or "Aryavarta". But in past immemorial, India was known by several different names in several different eras and societies and some of those names are listed here: Jambudvipa Jambudvipa is the ancient name of India which literally means “the land of Jambu trees” and can be found in numerous religious texts of various  Sanathan Dharma ’s offshoots viz. Hinduism, Buddhism, and Jainism. The Jambu or Jambul means Indian blackberry and dvipa means the continent. Nabhivarsha In Jain texts, India was known as Nabhivarsha, the country of Nabhi. Nabhi was a Chakravarti King and father of first Jain thirthankara Rishabhanatha. In ancient Hindu texts, a different definition for the Nabhivarsha is given. According to Hindu texts, here Nabhi means “navel of the Brahma” and varsha means “the country.” Arya...

RIGHTS IN A DEMOCRACY

R IGHTS IN A DEMOCRACY the prisoners in Guantanamo Bay, women in Saudi Arabia, Albanians in Kosovo. If you were in their position.You would perhaps desire a system where security, dignity and fair play are assured to everyone. You might want, for example, that no one should be arrested without proper reason and information. And if someone is arrested, he or she should have a fair chance to defend themselves. You might agree that such assurance can not apply to everything. One has to be reasonable in what one expects and demands of everyone else, for one has to grant the same to everyone. But you might  insist that the assurance does not remain on paper, that there is someone to enforce these assurances, that those who violate these are punished. In other words, you might want a system where at least a minimum is guaranteed to everyone – powerful or weak, rich or poor, majority or minority. This is the spirit behind thinking about rights. Rights are claims of a person over other fellow ...