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Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle . It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics. • The ethical base of this principle rests on the assumption that one rupee paid in taxes by a rich person represents less sacrifice than does the same rupee tax paid by a poor man and that fairness demands equal sacrifice by both rich and poor in support of government. • Example : Income tax- a progressive tax structure.
Management is considered both as science and art, because?
A PCA Framework for NBFCs has also been put in place to further strengthen the supervisory tools applicable to NBFCs, The same shall apply to:?
Under which conditions can a company declare or pay dividends for a financial year as per the Companies Act?
If H Ltd. Is subject to an effective income tax rate of 40%, the number of units H Ltd. Would have to sell to earn an after-tax profit of 90,000 is:
An investor will most likely exercise a put option when the price of the stock is:
Based on the following information- calculate the initial investment in the project.
Cost of machine = Rs. 54,00,000