Taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes as well.
This article is concerned with taxation in general, its principles, its objectives, and its effects; specifically, the article discusses the nature and purposes of taxation, because whether taxes should be classified as direct or indirect, the history of taxation, canons and criteria of taxation, and economic effects of taxation, and including shifting and incidence (identifying who bears the ultimate burden of taxes when that burden is passed from also the person or entity deemed legally responsible for it to another).
For further discussion of taxation’s role in fiscal policy, see government economic policy. In addition, see international trade for information on tariffs.
About CMA Vipul Shah (CA Inter Taxation)
CMA Vipul Shah is one of the renowned & experienced faculty for Taxation Subject. He also believes in conceptual clarity & is very famous among CA/CS/CMS students. Student love his teaching style and call him the “Guru of Taxation”.
He believes “If a child can’t learn the way we teach, maybe we should teach the way they learn.”–Ignacio Estrada. With this objective, he started his teaching journey and helped 8000+ CA/CS/CMA student to score good mark in Taxation Subject. Also, his focus is on conceptual teaching and have devised many strategies which help students to remember & understand the concept very well.
Here are few USP of his teaching:
Detailed explanation of logics behind each section
Also, Focus on clearing concepts and learning the practical application knowledge
Use of flowcharts & PPT diagrams for simple understanding
Impactful revision lectures
Chapterwise test series for checking the progress of students
Continuous updates of all amendments, Case law, notifications, etc