Levy of taxes on all commodities without caring for their impact on the common man is not desirable. Comment.
Download our app for free and get started
- Indirect taxes such as sales tax and excise duty fall heavily on the shoulders of a common man.
- This means they are inequitable.
- Therefore, in such a situation, ax basket should be a mixture of direct and indirect taxes both.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionHow can a deficit be financed?
- 2View SolutionExplain any one objective of Government Budget.
- 3View SolutionExplain "primary deficit' in a government budget. What does it indicate?
- 4View SolutionClassify the following items into revenue expenditure and capital expenditure. Give reason for your answer.
- Free supply of stationary to the students by the government.
- Economic assistance given according to Ladli scheme.
- Expenditure on the construction of computer lab in school by the government.
- Expenditure on Mid Day Meal given to students by the government.
- 5View SolutionIndia is suffering from the problem of inequalities in the distribution of income and wealth. How can a budget be used as an instrument?
- 6View SolutionDistinguish between direct taxes and indirect taxes. Give an example of each.
- 7View SolutionDistinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.
- 8View SolutionWhat is debt trap? Suggest measures to control such situation.
- 9View SolutionExplain how surplus budget is a useful measure to control inflation. Is it possible to follow such a policy in India?
- 10View SolutionCan there be a fiscal deficit in a government budget without a revenue deficit? Explain.