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Taxation: Meaning, Types, and Systems

Chapter Two discusses the meaning and characteristics of taxation, including its objectives and canons. It explores the classification of taxes, the merits and limitations of direct and indirect taxes, and the differences between them. Additionally, it covers various tax systems and issues related to tax evasion and delinquency.

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bogartshitu09
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173 views60 pages

Taxation: Meaning, Types, and Systems

Chapter Two discusses the meaning and characteristics of taxation, including its objectives and canons. It explores the classification of taxes, the merits and limitations of direct and indirect taxes, and the differences between them. Additionally, it covers various tax systems and issues related to tax evasion and delinquency.

Uploaded by

bogartshitu09
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Chapter-Two:

Meaning and characteristics of taxation


MEANING OF TAX
MEANING OF TAX
GENERAL CHARACTERISTICS OF TAX
CONT’D…………
CONT’D…………
OBJECTIVES OF TAXATION
CONT’D…………
CANONS OF TAXATION
Classification of taxes
Merits of Direct Taxes
Limitations of Direct Taxes
Merits of Indirect Taxes
Limitations of Indirect Taxes
Differences between Direct and Indirect Taxes:
2. Proportional, Progressive And Regressive Tax Systems
3. ADVALOREM AND SPECIFIC DUTIES
4. Single and Multiple Tax System
TAX EVASION, AVOIDANCE
Tax delinquency

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