The government earns revenues from various sources, and one of its principal means of income is tax and duty. They help the government to provide public utility services to the people of the country like medical, railway, postal, education, banking, food, infrastructure, etc. Tax is the financial charged levied by the Government on the income, activity or commodity. It is into two main categories Direct Tax and Indirect Tax. Direct tax includes income tax or wealth tax. On the other hand, … [Read more...]

Curriculum Vitae (CV) outlines the academic qualifications, researches, and other relevant details about a person, to represent him in front of employers. A Resume is to the point document, which underlines a person's qualification for a specific job. When it comes to length, a CV is much larger than a resume. Whenever a person applies for a job, he/she has to make a document which introduces him/her. Which one is suitable a CV or a Resume? It is going to be very difficult to choose one of … [Read more...]

Countries are divided into two major categories by the United Nations, which are developed countries and developing countries. The classification of countries is based on the economic status such as GDP, GNP, per capita income, industrialization, the standard of living, etc. Developed Countries refers to the soverign state, whose economy has highly progressed and possesses great technological infrastructure, as compared to other nations. The countries with low industrialization and low human … [Read more...]

Every person wants some personal space in his/her life, because, one cannot share each and everything with others. In fact no one wants to talk about what's going on in their personal life. Hence, a certain degree of privacy is every person's need. Privacy is a state when a person is free from public interference while if we talk about Confidentiality, it speaks about a situation when important information is kept the secret between two individuals until the person to whom the information … [Read more...]

One of the most debated topics in competitions and group discussions is Indian Culture Vs Western Culture. They are diametrically opposite to each other. As a coin has two sides, both cultures all have some merits and demerits. Indian culture is a mix of diversities in customs, rituals, traditions, language, etc., that varies from region to region within the country. It is one of the oldest and a combination of various cultures. On the other hand, Western culture, it is quite advanced and … [Read more...]

WhatsApp is an application, specially created for smartphones, which allows its users to perform fast messaging. Now, if we talk about Facebook, it is quite different, it allows its users to share and post their personal moments, feelings and emotions with their friends at the same time along with messaging. In olden times when there are no means of communication, people either used to travel a million miles just to inform about a small thing or they have to send letters to their friends and … [Read more...]

Award and Reward sound same but their meanings are quite different. Although, both are valuable for any person as they give a sense of satisfaction and respect, in return for their work. An Award is conferred in front of the mass public for excellence, but Reward may or may not be given in public, it is a kind of compensation given to a person for their good work. An award can be understood as the prize or any other equivalent mark of recognition, endowed to honor an achievement. On the other … [Read more...]

Gone are the days, when only the Public Sector was prevalent in the economy. At present, many countries have adopted the policy of Privatisation, through which Private Sector is also gaining importance. For the progress and development of any country, both the sectors must go hand in hand as only one sector cannot lead the country in the path of success. The private sector comprises of business which is owned, managed and controlled by individuals. On the contrary, public sector comprises of … [Read more...]

Every assessee wants to escape from paying taxes, which encourages them to use various means to avoid such payment. And when it's about savings if taxes, the two most common practices that can be seen all around the world are tax avoidance and tax evasion. Tax avoidance is an exercise in which the assessee legally tries to defeat the basic intention of the law, by taking advantage of the shortcomings in the legislature. On the contrary, tax evasion is a practice of reducing tax liability … [Read more...]

We greatly encounter moral and ethical issues, in our day to day life. Perhaps, these two defines a personality, attitude, and behavior of a person. The word Morals is derived from a Greek word "Mos" which means custom. On the other hand, if we talk about Ethics, it is also derived from a Greek word "Ethikos" which means character. Put simply, morals are the customs established by group of individuals whereas ethics defines the character of an individual. While morals are concerned with … [Read more...]