2006-09-21 08:18:28 · 3 answers · asked by Anonymous in Education & Reference ➔ Other - Education
What a horribly worded question. I bet not many people will understand what you are on about.
2006-09-21 08:27:09 · answer #1 · answered by bekhabar5 2 · 0⤊ 0⤋
Dr Kelkar Committee Report
The Kelkar Committee, for instance, took the view that a judicious adoption of the best recommendations culled from the various reports would be the best way to proceed. A tax on income is inherently biased against savings. Kelkar refers to two alternative ways of devising an income-tax which neutralises this bias:
i) Exempt exempt taxed (EET) method: Under this method, the contributions to a savings plan/scheme are deductible from the gross income, the income (accumulations) of the plan/scheme is exempt from tax and the withdrawal of the contribution along with benefits in the form of interest, dividend and so on, is subject to tax.
ii) Taxed exempt exempt (TEE) method: Here, the contributions to a savings plan/scheme are out of post-tax income (that is, the contributions are taxable), the income accumulation is exempt from tax and the withdrawal of the contribution along with benefits in the form of interest, dividend, and so on, is exempt from tax.
2006-09-23 08:05:40 · answer #2 · answered by sanjubuddy 4 · 0⤊ 0⤋
these r all one,
2006-09-21 08:27:47 · answer #3 · answered by doctor asho 5 · 0⤊ 0⤋