According to article 338 A, there shall be a Commission(National Commission for the Scheduled Tribes) for the Scheduled Tribes to be known as the... View Article
Ms Rekha Sharma is the present chairman of the National Commission for Women. assumed the charge of Chairperson on August 7, 2018. Further... View Article
The floors of the oceans are rugged with the world’s largest mountain ranges, deepest trenches and the largest plains. These features are... View Article
The ocean water conceals a considerable variety of landscapes very similar to its counterpart on the continents. There are mountains, basins,... View Article
Anticyclone is a weather system with high barometric pressure at its centre, around which air slowly circulates in a clockwise direction in the... View Article
The wind circulation around a high is called anticyclonic circulation. Around a high, it is called anticyclonic circulation. An anticyclone is an... View Article
The Conservatives in the USA had made use of the Laffer Curve to argue that tax revenues could be increased by reducing taxes. The tax cuts in... View Article
The Laffer curve is inverted U-shape. At the top of the laffer curve is the optimal tax rate for generating maximum revenue. When compared to... View Article
The Laffer curve peaks when the tax rates are at around 65% as per a model predicted and presented in 1995 by the economist Paul Pecorino. You... View Article
Some of the criticisms of the Laffer curve are, it makes very simplistic assumptions, revenue may well be a multivalued function of tax rate... View Article
The Government tax revenue will be maximum at optimal tax rate represented in the Laffer Curve. If the tax rate reaches 100%, then it will be... View Article
Legally reducing one's taxable income is known as tax avoidance. Hiding, concealing or manipulating the information about one's income with the... View Article
Usually tax evasion or fraud investigation requires 1000 to 2000 staff hours. Such investigations usually take 1 year to 2 years. Moreover, it... View Article
Yes, tax evasion is a serious problem. In the Income-tax Act of 1961, under Chapter XXII, there are provisions for prosecution of people who... View Article
7 years imprisonment is the longest tax evasion sentence. 3 months imprisonment is the minimum sentence for tax evasion. The sentence for tax... View Article
There are many causes behind tax evasion. Some of the causes of tax evasion are the existence of tax havens, higher tax rates, lack of integrity... View Article
In India, tax evasion is always a criminal offence. In the Income-tax Act of 1961, under Chapter XXII, there are provisions for prosecution of... View Article
In the 906 cases of tax evasion against exporters, between July 2017 to August 2020, the quantum of tax evasion was Rs 2,551.15 crore. India... View Article
As per law, three months imprisonment is the minimum sentence for tax evasion, and 7 years imprisonment is the maximum sentence for tax evasion.... View Article
