Essay on role of income tax department in nation building
Answers
PLEASE MARK ME AS A BRAIN LIST
A Tax is a compulsory contribution by an individual or company to the government, whether local or national. It is the ‘compulsory’ aspect that makes it a tax, as opposed to a donation, of course. Taxes are reality of life for all of us, rich and middle-class, in some form or the other.
There are two types of taxes, as any textbook will tell you –
Direct taxes, primarily income tax but also wealth tax, gift-tax and property tax.
Indirect taxes, such as sales tax, service tax, customs duty, octroy (in the case of India, most of these have now been subsumed into a nationwide Goods and Service Tax, or GST)
Direct taxes have the effect of reducing our income and wealth, while Indirect Taxes increase the prices of goods, which makes both not a little unpleasant to deal with. So what is the justification for them, then?
The fact is, taxation is the foundation of the nation. From time immemorial, it is by raising taxes that Kings and Emperors, dictators and Presidents, have found the money to run their countries. Now followers of Ayn Rand and her crackpot economic theories might argue that the concept of a Government itself is outdated, but that, as we will demonstrate, is not true. There are certain services, directly essential to nation-building, that necessitate the existence of a Government.
PLEASE MARK ME AS A BRAIN LIST
Answer:
Income tax department is made for nation building .every duty of nation it takes we the residence of nation might not know the problems nation facing .but the department not only keep an eye on every need of nation but also fulfil it in a very technical way . all roads, government hospitals government schools its all responsibility is on the department .and also we the residence of nation should give tax on time .in this way we are helping our nation in growth.
Explanation: