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CS Executive Budgeting and Budgetary control as a tool of management Budgetary control  has become a fundamental  tool of management  for costs and maximizing profits. It may be appreciated as one of the utmost examples of rationality in management. It is a useful management tool for comparing the current performance with pre-planned performance with a view to attaining equilibrium between ends and means, output, and effort. It corrects the deviations from a pre-planned path through the media of observation, research planning, control, and decision-making and thus helps in the performance of future activities in an orderly way. It uncovers un-economies in operations, weaknesses in the organization structure, and minimizes wasteful spending. It acts as a philosopher, friend, and guide to the management. Its advantages to management can be summarized as follows: It brings efficiency and economy in the working of the business enterprise. It establishes divisional and depart...

WHAT IS TAX? A budgetary charge or other duty forced upon a citizen (an individual or legitimate element) is called as Tax, gathered by a state or what might be compared to the equivalent, to such an extent that inability to pay, or avoidance of or protection from an assortment of assessment is deserving of law. A few managerial divisions additionally force charge. Charges comprise of immediate or aberrant assessments and as a standard are paid in cash. The Tax framework in India is mainly a three-level framework that is based on the Central, State Governments, and the neighborhood government foundations. As a rule, these nearby bodies take in the neighborhood committees and the districts. As per the Constitution of India, the administration can practice the option to impose charges on people and associations. Contrarily, the constitution expresses that nobody has the option to require or charge charges with the exception of the authority of law. The law passed by the council or the pa...