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Graded Discussion Board (GDB) Taxation Management (FIN623) Spring 2016 Due Date 11th, May 2016

An Overview of Taxation System

Learning Objectives: This activity aims to enable the students to understand different approaches, types of taxation and determination of tax year.


Taxes are the major source of revenue for any government and it is a major instrument of fiscal policy as well. There are different types of taxes which are levied by the government in order to enhance revenues i.e., direct taxes and indirect taxes. Some approaches of collecting taxes are Progressive Tax, Regressive Tax and Proportional Tax (Flat Tax). For tax collection, determination of tax year for the tax payer is very important. Keeping in mind the above points, answer the following:

  • How indirect tax is collected from tax payers?
  • “If indirect tax is paid by an individual then he is not liable to pay any other type of tax”. Discuss the above statement with an appropriate example.
  • What do you understand by the term “Tax Year”?
  • How “Normal Tax Year” and “Special Tax Year” is determined for the tax payer in Pakistan?

Important Instructions:

  1. Your discussion must be based on logical facts.
  2. Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  3. Obnoxious or ignoble answer should be strictly avoided.
  4. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
  5. You are advised to watch video lectures, study handouts, recommended course material, Income Tax Ordinance 2001 (updated), Income Tax Rules 2002 (updated) and official site of FBR (Federal Board of Revenue) in order to answer the above questions successfully.

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Replies to This Discussion

Any one plzzzz help 

sub apny apny ideas share karain. khod ba khod gdb ban jae ga

many almost complete karlia ha bs final discussion karni ha. yahan koe interested he ni. subko bani bnae cheez chaheya.

What is an 'Indirect Tax'

An indirect tax is a tax that increases the price of a good so that consumers are actually paying the tax by paying more for the products. An indirect tax is most often thought of as a tax that is shifted from one taxpayer to another, by way of an increase in the price of the good. Fuel, liquor and cigarette taxesare all considered examples of indirect taxes, as many argue that the tax is actually paid by the end consumer, by way of a higher retail price.

How indirect tax is collected from tax payers?
Indirect tax is so called as it is paid indirectly by the final consumer of goods and services while paying for purchase of goods or for enjoying services. It is broadly based since it is applied to everyone in the society whether rich or poor. Since the cost of the tax does not vary according to income, indirect taxation is a proportional tax. However, indirect taxation can be viewed as having the effect of a regressive tax as it imposes a greater burden (relative to resources) on the poor than on the rich. The taxpayer who pays the tax does not bear the burden of tax; the burden is shifted to the ultimate consumers. In the case of a direct tax, the taxpayer has to bear the burden of tax personally; in case of indirect tax the taxpayer and the taxbearer are not the same person.

Normal Tax Year” and “Special Tax Year” ko sirf define kerna hai? ya explain bhi kerna hai?

Question ko thora dhyan sy read karain to pta chalta ha k Normal Tax year or Special tax year ko pakistan man kaisy determine keya jata ha, ya explain karna ha. Am i right ladies and gentlemen?

yeah right ... got it ...

i have done :)

If indirect tax is paid by an individual then he is not liable to pay any other type of tax”. Discuss...

is question ko ksy discuss krna hai??? 

 mujhy kia pta 

Please Discuss here about this GDB.Thanks

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