Nature of taxation
1. Inherent power of sovereignty
2. Legislative in nature
3. Public purpose
4. Territorial in operation
5. Exemption of the government
6. Strongest among the inherent power of the state
7. Subject of constitutional and inherent
Taxation is compulsory on the part of the government. The government receives tax from the national and foreigner who are doing business in their home country in order to make good profit. So the government collects the taxes and put in on the different projects for their people. There are two types of the taxes … Read more
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