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Difference between Tax and Royalty |
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Feature | Tax | Royalty |
Imposed by | Government | Resource Owner |
Purpose | Generate Revenue | Compensation for Resource Use |
Basis | Legal Framework | Contractual Agreement |
Nature | Compulsory Payment | Payment for Privilege |
Example | Income Tax, Sales Tax | Author Payment, Mineral Rights Payment |
Constitutional Provisions
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Read more > Neighbourhood first policy
Read More > Poshan Bhi Padhai Bhi Initiative
Saksham Anganwadi and Poshan 2.0
Features
Read More > Mission Saksham Anganwadi and Poshan 2.0 |
Credits: compostnashville.org
Cassava (Manihot esculenta)
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To know more > Growing trade deficit with China.
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Credits: NWDA
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Source: FDA