Question

mention the differnt types of taxes in the old regime​

Answer 1

Answer:

ᴛʜᴇ ᴛᴡᴏ ᴛʏᴘᴇs ᴏғ ᴅɪʀᴇᴄᴛ ᴛᴀxᴇs ɪᴍᴘᴏsᴇᴅ ɪɴ ғʀᴀɴᴄᴇ ɪɴ ᴛʜᴇ ᴏʟᴅ ʀᴇɢɪᴍᴇ ᴀʀᴇ ᴛʜᴇ ғᴏʟʟᴏᴡɪɴɢ:

(ɪ) ʟᴀɴᴅ ᴛᴀx: ᴛʜᴇ ɴᴏɴ-ɴᴏʙʟᴇs ᴀɴᴅ ғᴀʀᴍᴇʀs ᴡᴇʀᴇ sᴜᴘᴘᴏsᴇᴅ ᴛᴏ ᴘᴀʏ ʟᴀɴᴅᴛᴀx ɪɴ ᴏʀᴅᴇʀ ᴛᴏ ᴜsᴇ ɪᴛ ғᴏʀ ᴄᴜʟᴛɪᴠᴀᴛɪᴏɴ.

(ɪɪ) ʀᴇsᴏᴜʀᴄᴇ ᴛᴀx: ᴛʜᴇ ᴘᴇᴏᴘʟᴇ ʜᴀᴅ ᴛᴏ ᴘᴀʏ ᴛᴀxғᴏʀ ᴛʜᴇ ʀᴇsᴏᴜʀᴄᴇs ғᴏʀ ᴡᴀʀ, ᴘᴜʙʟɪᴄ ᴇxᴘᴇɴᴅɪᴛᴜʀᴇ ᴇᴛᴄ.

Answer 2

Answer:

The two types of direct taxes imposed in France in the old regime are the following: (i) Land Tax: The non-nobles and farmers were supposed to pay land tax in order to use it for cultivation. (ii) Resource Tax: The people had to pay tax for the resources for war, public expenditure etc.

There are two types of taxes namely, direct taxes and indirect taxes. ... You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc.The new tax regime in contrast to old tax regime is without the deduction and exemptions allowed in old taxation regime. But here the advantage is lower tax rate. So the new tax regime does not offers salaried people with standard deduction benefit, HRA or house rent allowance, LTA or leave travel allowance etc.Effectively, you can switch between new and old tax regime at the time of filing ITR. ... CBDT also clarifies that even if one opts for New Tax Regime and the same intimation is made to employer or Deductor, it shall be only for the purposes of TDS during the previous year and cannot be modified during that year.