Define tax year and its types-02017
This subjective question is related to the book/course
vu mgt502 Organizational Behaviour.
It can also be found in
vu mgt502 Mid Term Solved Past Paper No. 2.
Question 1: Define tax year and its types
Answer:
Sec. 2(68) read with Sec. 74---Tax year means a period of 12 months ending on June 30th which is also called Normal Tax Year.Type of Taxes
- Direct taxes
- Indirect Taxes
- Proportional Taxes
- Progressive Taxes
- Regressive taxes
- Value Added Taxes.
