The price of commodity
The Ad Valorem Tax is a tax based on the value of a transaction or property. It is commonly applied to the price of commodities, meaning the tax amount varies with the price. For example, property taxes and sales taxes are often ad valorem, calculated as a percentage of the assessed value or sale price. This method contrasts with specific taxes, which are fixed amounts per unit regardless of value.
This Question is Also Available in:
हिन्दी