Taxation is the process of the government levying taxes on products and services during the transaction process. The government of India has a strong authorization power over taxation since it has the authority to levy penalties on tax defaulters and impose income taxes on residents. VAT and Value Added Tax, is one sort of tax that is levied at the many phases of selling products and services.
The simple rate is the interest rate charge when money is borrow or lent. Also, The investor must be compensated if a receiver gets monies from an investment. The idea is that money borrowed over a period of time should be repaid with interest. Even if amount received by the investor for spending the money is referred to as interest.