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SYMBIOSIS Center FOR DISTANCE LEARNING (CDL) Subject: Direct TaxationSample Questions: Section I: Subjective Questions 1. Define the terms, Assessment Year and Previous Year.2. Explain the concept
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Subject direct taxation is needed by individuals or entities that earn income subject to direct taxation. This generally includes employed individuals, self-employed individuals, and businesses that generate taxable income. Subject direct taxation is necessary to fulfill legal obligations and contribute to public funds for the functioning of government and provision of public services.
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What is subject direct taxation?
Subject direct taxation is a tax imposed directly on individuals or organizations by the government.
Who is required to file subject direct taxation?
Individuals or organizations who meet the criteria set by the government are required to file subject direct taxation.
How to fill out subject direct taxation?
Subject direct taxation can be filled out by completing the forms provided by the government and submitting them according to the instructions.
What is the purpose of subject direct taxation?
The purpose of subject direct taxation is to generate revenue for the government to fund public services and programs.
What information must be reported on subject direct taxation?
Information such as income, expenses, deductions, and tax credits must be reported on subject direct taxation forms.
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