Lesson 7 of 9 • 7 upvotes • 10:21mins
In this lesson, we will learn about tax. A tax is a financial charge or other levy imposed upon a taxpayer by a state or the functional equivalent of a state to fund various public expenditures. This lesson also focuses on the Indian tax system, type of taxes i.e., income tax,sales tax, vat, property tax, the distribution of taxes (Between central and state) and the requirement of improvements.
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