Every person is liable to pay tax on his income not on every receipt. It is the duty of the every person to pay tax otherwise he is liable for the penalty and imprisonment. In every country, person tries to non-disclose his income for the prevention to pay the tax. It is the major crime for non-payment of tax. person is liable to pay tax which is belong to his income not belong to other person. Tax rates may be progressive, regressive, or proportional. tax is imposed on different person according to their slab rates.
In India, income tax is introduced in 1860.Tax is levied on total income of assesse but not on every receipt. Assesse means that person who is liable for the payment of tax. No one can refuse to the payment of tax. Otherwise he is liable for the punishment (pay penalty the double amount of tax or imprisonment of 2-5 years). So, it is the responsibility of the every person for the payment of tax. Now, 151 years passed, since we are paying the tax.
In India, income tax is introduced in 1860.Tax is levied on total income of assesse but not on every receipt. Assesse means that person who is liable for the payment of tax. No one can refuse to the payment of tax. Otherwise he is liable for the punishment (pay penalty the double amount of tax or imprisonment of 2-5 years). Every person more and more tried to non disclose of his income because of non payment of tax is called black money.
On the other hand, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, such partnership can also be called a joint venture where the parties are "co-ventures". In other words, we can say that- the cooperation of two or more individuals or businesses in which each agrees to share profit or loss and control in a specific enterprise.
When any person start the business then always firstly decide the aim of the business and decide in advance what he wants to achieve. He decided what types of steps should be followed then he became a more popular in the world through his business. But now question arises, How to increase the value of company share in the market through merge the company.
CRM technology is an unbelievable set of tools to help make sales and advertising and marketing efforts extra efficient, quicker flowing, and extra accurate. At the identical time, they help you automate your database administration in order that you don't have to spend so much of your precious work time keeping up with data and files.
Break-even point (BEP) exis the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even". A profit or a loss has not been made. When people starts the business then it’s always main aim to earn maximum profit in the business But now question arises is that when no profit or no loss then why person survive in the business.
What is ERP?
Enterprise Useful resource Planning, also referred to as ERP, is a technique designed to combine a number of different information sources and/or processes into one single unified system. This method would require the use of both hardware and software program for planning and improvement.