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Explore Taxation: Direct & Indirect Taxes in India, Laffer Curve, Ad-Valorem, Tax-Devolution, Tax Foregone with 371,451 views, 6,050 likes, and 149 comments. Experience the impact of this video content that has captured audience attention.

🔖Coupon Code: 'Mrunal.org' gives extra discount for 👨‍🏫 Mrunal's New UPSC Prelims & Mains Courses at https://unacademy.com/@mrunal.org 📢Features of Mrunal's Economy Course at Unacademy: 1) 👨‍🏫 Weekly live classes @night even Working Professional can attend 2) 🆎 Updated Powerpoints with latest budgets, economic surveys & current Affairs of Economy 3) 📑 500+ pages Rapid revision handouts, covering both Prelims & Mains, incl. Hindi translation for important terminologies. No need to purchase separate books / NCERTs. 4) 🔠 Weekly Quiz with ranking system 5) 💬 Weekly Doubt Solution to your queries. - In the previous lecture, we learned the part of budget, money bill, finance bill, appropriation Bill and annual financial statement (AFS). Now in this part we shall look at the taxation in India. - Four Canons of taxation by Adam Smith. - Direct taxes of the union government: income tax, corporation tax, minimum alternate tax (MAT), dividend distribution tax (DDT), interest tax, hotel receipt tax, fringe benefit tax, gift tax, securities transaction tax, commodities transaction tax (CTT), Estate Duty. - Laffer Curve and the provisions related to direct taxes in budget 2017. - Computation of income tax for a lower middle-class family vs a high net worth individual after budget 2017. Difference between cess and surcharge. - Duty inversion, countervailing duty, dumping duty, - ad-valorem tax, specific tax. - Ascending and descending order of direct and indirect tax collection amounts for union and Gujarat state. - Service tax theory: Krishi Kalyan Cess, Swatchh Bharat Cess, negative list and exempted list, service charge. - Gross tax revenue vs net tax revenue, revenue shortfall, tax devolution, tax foregone. Next lecture: GST - Faculty Name: You know who - All Powerpoint available at http://mrunal.org/powerpoint - Exam-Utility: UPSC IAS IPS Civil service exam, Prelims, CSAT, Mains, Staff selection SSC-CGL, IBPS-PO/MT, IBPS-CWE, SBI PO & Clerk, RBI and other banking exams; LIC, EPFO, FCI & other PSU exams; CDS, CAPF and other defense services exams; GPSC, MPPCS, RPSC & other State PCS services exams with Indian Economy, Budget, Banking, Public Finance in its syllabus- with descriptive questions and answer writing.

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