Question

Tax paid for different types of land​

Answer 1

Answer:

Taxes represent the amount of money we pay to the Government at predefined rates and periodicity. Taxes are the basic source of revenue to the Government using which it provides various kinds of services to the tax payers. There are mainly two types of Taxes, direct tax and indirect tax which are governed by two different boards, Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC).

Answer 2

Answer:

There are mainly two types of Taxes, direct tax and indirect tax which are governed by two different boards, Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC). Let's discuss the two types of taxes in detail.

Explanation:

Land Tax Introduction. Property tax or Land tax is an annual tax paid by the owner of the property in their area to local government or municipal corporations. ... If you own any kind of real estate, you are required to pay property tax for the same every year.