Скачать или смотреть Taxation Basics: Why do we pay tax? (Decoding the History & Logic) | CMA Synergy

Welcome to the first session of Direct Tax for CMA Inter! 👋

Before we jump into complicated sections and calculations, we need to build a strong foundation. In this video, we decode the "Story of Tax"—from ancient times to the modern Income Tax Act of 1961. We break down my handwritten notes to understand what tax really is and why the government collects it.
Whether you are just starting your preparation or need a quick revision of the basics, let’s figure this out together! 📚

📝 In this video, we cover:

✅The Definition: Why tax is a "compulsory contribution" (not a donation!).

✅Ancient Roots: Taxation in the Maurya Empire & Kautilya’s Arthashastra (327 BC).

✅Modern Timeline: James Wilson (1860) vs. The Income Tax Act (1961).

✅Crucial Exam Concept: The difference between when the Act was passed and when it came into force (1st April 1962).

✅Objectives: How tax funds public welfare, infrastructure, and national protection.

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Current Syllabus and 2022 syllabus| CMA Inter Group 1 | Direct Taxation

If you found this video helpful, please like and comment "Foundations Strong!" below so I know you’re following along. See you in the next class!

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