Question
Explain the basis of classifying taxes into direct and indirect tax. Give examples.
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| S. No. | Items | ₹(in crore) |
| (i) | Revenue receipts | 50,000 |
| (ii) | Revenue expenditure | 60,000 |
| $(Rs.$ lacs$)$ | ||
| $(i)$ | Depreciation | $20$ |
| $(ii)$ | Domestic sales | $200$ |
| $(iii)$ | Net change in stocks | $(-)10$ |
| $(iv)$ | Exports | $10$ |
| $(v)$ | Single use producer goods | $120$ |