Whats are the main source of …
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Posted by Utsav Saini 5 years, 8 months ago
- 2 answers
Yogita Ingle 5 years, 8 months ago
- A tax is a compulsory levy imposed by a public authority against which tax payers cannot claim anything.
- Rates refer to local taxation, i.e., taxation levied by (or for) local rather than central government.
- Fee is a payment to defray the cost of each recurring service undertaken by the government, primarily in the public interest.
- A licence fee is paid in those instances in which the government authority is invoked simply to confer a permission or a privilege.
- The government acts like a business- person and the public acts like its customers. The government may either sell goods or render services like train, city bus, electricity, transport, posts and telegraphs, water supply, etc. The government also earns revenue from the production of commodities like steel, oil, life-saving drugs, etc.
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Lovely Dhawan 5 years, 8 months ago
0Thank You