The recent tax relief of no income tax up to ₹12 lakh has brought great joy to the middle class, but many are wondering how the government will generate revenue if taxes are reduced. Let's break this down: In the previous financial year, income tax was the second-largest source of government revenue with 22 % of total revenue, and some are concerned that this new tax regime might lead to a loss in revenue. However, this isn't entirely the case. Here's why: When people have more disposable income, they have two main options for what to do with it: either spend it on goods and services or invest it in places like mutual funds, banks, or other investments. Spending money : If people decide to spend their extra income, they will be paying indirect taxes like GST. This money will flow to sellers, who will also use it to make purchases, generating further GST payments. This creates a cycle of spending and taxation, known as the multiplier effect , where money keeps circulatin...
At a time when we are witnessing unrest and wars in different parts of the world, Syria's condition is also contributing to it in huge manner. Syria is leading towards its division by the different internal forces having different issues with President Bashar al-Assad and his government .The Kurdish-led Syrian democratic forces want to make a separate nation from Syria. Other than this HTS (Hayat Tahir Alsham) can be identified as a part of Alkaida which is a terrorist group in Syria that wants to throw down the current government because they are not happy with the policies of the government in favor of the Christian minority in the country. They believe that the Muslims who are in the majority in Syria are not being treated right. This group heading towards Damascus the capital of Syria became the reason Bashar Al-Assad left the country in no time. These two forces having their different demands will most probably divide Syria into two parts one will be the Country of Kurdish pe...