What is the meaning of Capacity Cost?

Capacity Cost is known as the fixed expenditure faced by a company to expand its business reach and its potential to spread its operations. This does not change as the levels of production change and can only be slashed when the business is shut or is outsourced. These costs are usually fixed in nature and

Municipal Taxes in India

In India municipal corporations or urban local bodies (ULB’s) levy two types of taxes viz. Property tax and Professional tax.  Property tax is an annual amount paid by a land owner to the municipal corporation of his/her area. The municipal corporation assesses and imposes the property tax annually or semi annually. The amount is generally

Merits and Demerits of Direct Taxes

There are different types of direct taxes such as Income Tax, Corporate Tax, Inheritance Tax, Property Tax, Wealth Tax (abolished now in India), Capital Gains Tax etc. Merits The key merits of the direct taxes are as follows: Progressive Tax The direct taxes follow the principle of ‘ability to pay’ because they are levied on