Reducing tax rates on individuals can help them in increasing their savings, thereby helping them to spend more, which in turn can help in... View Article
From 1st April 2020, Finance Minister Nirmala Sitaraman had introduced a new personal income tax regime. As per this new rule, lower income tax... View Article
The two main ways Governments can raise money are through levying indirect taxes and direct taxes. Direct taxes are levied on companies,... View Article
The marginal tax rate was brought down to 40% in the tax reforms of 1991. Lowering marginal tax rates, broadening the tax base, reforms in tax... View Article
James Wilson, the first Finance Minister of the British Indian Government introduced the tax system in India. In 1860, income tax was introduced... View Article
The Central Board of Direct Taxes (CBDT) is the apex body which heads the Income Tax Department. The Income Tax Department functions under the... View Article
The Tax Reforms Commission (TRC) gave many recommendations for tax reforms in India. The final report of this commission had 3 different parts... View Article
The current Finance Minister Nirmala Sitaraman is the current chairman of the GST Council. The Governing body of the GST is the GST Council. The... View Article
Reform means making some changes so that the system functions in a better way. These reforms could be in any sphere like social, economics etc.... View Article
There are three different ways of paying Income taxes in India. Voluntary payment of taxes by citizens, tax collected at source, and tax deducted... View Article
Marginal tax rate was reduced after the 1991-92 tax reforms. During this reform, the marginal tax rate was brought down to 40%. In 1996-97, there... View Article
No, Ganga is not a west flowing river. It rises in the Gangotri glacier near Gaumukh (3,900 m) in the Uttarkashi district of Uttarakhand. It... View Article
The end of a river is called the mouth of the river. It is the place where the river empties into another body of water such as a lake or ocean.... View Article
Catchment area: A river drains the water collected from a specific area, which is called its catchment area. River Basin: An area drained by a... View Article
River: A river is a ribbon-like body of water that flows downhill from the force of gravity. A river can be wide and deep, or shallow enough for... View Article
The main river along with all its tributaries that drain an area forms a river basin or the catchment area. A river basin is made up of many... View Article
The Amazon Basin located in northern South America, is the largest river basin in the world. The Amazon River and all of its tributaries drain an... View Article
Characteristics of the river basin: Drainage basin - the area of land drained by a river. Catchment area - the area within the drainage basin.... View Article
There are 12 major river basins with a catchment area of 20000 km2 and above. They are Brahmaputra River Basin Cauvery River Basin Godavari... View Article
