Question
The Laffer curve is a relationship
betweenSolution
Laffer curve explains the relationship between tax rate and tx revenue. According to the Laffer curve, at lower as well as higher rate of tax, the tax revenue is low. Tax revenue is high at the optimal rate of tax. Lower tax leads to lower tax collection. At higher rate of tax, there is high tax evasion and tax revenue is also low. At an optimal rate of tax, there is no tax evasion and so the tax revenue reaches the maximum.
Under which section of the Income Tax Act, 1961, is the term "person" defined?
Which of the following is most associated with managerial accounting?
As per the provision of Section 40 of the Companies Act, 2013, the commission paid or agreed to be paid does NOT exceed in the case of debentures _____o...
ABC Ltd. earned ₹50 lakh before tax. It made donations eligible under Section 80G of ₹5 lakh and depreciation as per IT Act ₹7 lakh. What is the t...
With respect to Job Costing, which of the following statement is incorrect?
Under marginal costing, which of the following cost will NOT be attributed to the product cost?
Full Form of ISDA is __________.
What is the composite loan limit that can be sanctioned by banks to MSE entrepreneurs under a single window for both working capital and term loan needs?
The work of one clerk is automatically check by another clerk is called _________.
Salary or wages under bonus act includes:
