Category: Taxation

Essay on the Weber’s Theory of Bureaucracy – The term “bureaucracy” finds its origin from the French word “bureau” which means desk, and a government which is run from table is called a bureaucratic government. The word implies a particular system of administration.Historically, it has been associated with the rule of government and governmental officials. In this form of the government there is concentration of power in the hands of departments. Sociologists regard bureaucracy as a form of administration that is found in formal organisations pursuing a wide variety of goals.As a technical term in sociology, “bureaucracy” is associated with Max Weber. He gave it a precise definition and suggested that it was the best administrative form for the rational pursuit of organisational goals. Image Source: leapcs.ca ADVERTISEMENTS: Definition of…

Nobody likes paying taxes. Even those who know that taxa­tion is necessary and just, do not welcome the tax-collector as a bosom friend.It is not pleasant to see part of your monthly income taken away from you in income-tax; and the zamindar feels aggrieved that so much of his rents, or the profits of his labour, is carried off by government officials. ADVERTISEMENTS: Ignorant people think this is an injustice and make a grievance of it; so it is just as well that we should know why we are taxed, so that we can see the fairness of the systemEvery country must have a government of some sort, or He would be impossible. The primary duties of a government are to protect the life and property of the citizens, to…

Price rise is one of the most ticklish current problems. Whenever we go to make some purchases in the market, we learn to our great disappointment that the prices of most of the commodities have risen. And sometimes quite exorbitantly. There are several reasons for this steep rise in prices.One reason is the shortfall in production. This happens particularly when the country or a part of it is witnessed by floods or famine. Strikes result in fall in industrial production. Sometimes, one feels baffled when one learns that there has been a bumper crop and still there is scarcity of essential commodities in the market. This usually happens due to a number of reasons.One reason is the defective distribution system. Sometimes, there is over-production of some agricultural product in one…

The Practical Importance of law of diminishing marginal utility are given below: image source: i.ytimg.com (a) Diversification in Production: Besides diversification in consumption, the law also helps us in bringing about diversification in the production process. Greater and greater use of the same kind of good makes us feel bored reducing its marginal utility. ADVERTISEMENTS: To overcome the resistance of the consumers and in order to secure higher profits, the producers continuously introduce newer varieties of the products with new design, shape, colour, technique and presentation. (b) Household Expenditure: This law governs our daily expenditure. Since larger purchases reduce marginal utility, we restrict the purchase of a particular commodity, as we cannot afford to waste our limited resources. We stop further purchases at a point, where marginal utility equals price.…

To (Manager Name -Personnel and Administration)Dear Sir, ADVERTISEMENTS: SUB: Appointment in Your Firm as an Account Assistant____________ JOB CODE:This is reference to the advertisement issued by you in the Pioneer, ____________ (Date) regarding the post of an Account Assistant. I would like to be considered for the aforesaid position and submit my particulars in brief as under.I am ____________ (Name), B Com (Honours), MA (Economics) and have a Diploma in Computer Application from ____________ (Place). I completed my post-graduation in ____________ (Date) and was selected by a charted accountancy firm through campus interview. ADVERTISEMENTS: I joined the company for brief period and then shifted to ____________ (Company Name) as Accounts Assistant (Trainee) on ____________ (Time) was confirmed in ____________ (date) and was accepted as Accounts Assistant with independent charge of…