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Taxation.ppt New 1 Sept

Taxation.ppt New 1 Sept

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Published by Saurabh Suman

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Published by: Saurabh Suman on Oct 05, 2009
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02/18/2013

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ROLE OF TAXATIONIN ECONOMY
 
 
TAXATION
It is a compulsory contributionimposed by a public authority.It is the main source of incomefor public authorities.
 
 
IMPORTANCE
1.Capital formationis important in all economicmodel.2.Principal methods of financing:taxation,borrowings and foreign aid.3.Meansof resource mobilization, highly  dependable, no strings attached.`4.Instrument for transferring purchasing power   from individual to government .5.Flexibledepending on the requirements.

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