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FIN623 - Taxation Management GDB No. 1 Solution and Discussion Spring 2018 Due Date: May 23, 2018
|Starting Date||Thursday, May 17, 2018|
|Closing Date||Wednesday, May 23, 2018|
|Question Title||Definitions and Scope of Income|
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Ans: Special Tax year 2018 (page-13)
Ans: Taxable Income 800,000 (page-13)
Ans: Progressive Tax:
This is based on the “capacity to pay” principle of taxation.
In this type, the rate of tax increase as the income increase. (page-3)
guys please discuss , so then we submit the solution.!!!