The amount collected by the government as taxes and duties is known as _______
ACapital receipts
BTax revenue receipts
CNon-tax revenue receipts
DAll of these
ACapital receipts
BTax revenue receipts
CNon-tax revenue receipts
DAll of these
Related Questions:
Consider the following statements regarding the ‘Regressive taxation’:
I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.
II.For regressive taxation are not any permanent or specific sectors for such taxes.
III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.
Which of the following statement(s) is/are correct?