Discuss (b) integrated property tax

The Income Tax Act, 2058 (2002) — the direct-tax core: the heads of income (employment, business, investment — the computation ladder's home); the taxpayers' classes (resident/non- resident — the source rules); the machinery (the self-assessment + the IRD's audit-and- reassessment; the TDS web; the recovery); the deductions-and-exemptions; the rates (the Finance Act's annual slabs). The fiscal-policy face (this paper's angle): the income tax as the redistribution's instrument (the progressive design) and the revenue's biggest domestic source — the Act 2058's consolidation of the scattered old laws as the modern system's anchor. (The full technical depth — the computation, the heads, the assessment's detail — is LAW 309's Unit 4: cross-read.)