The funds received by a State Government as a share of Central taxes are classified as:
ACapital receipts
BRevenue receipts
CNon-tax revenue
DGrants-in-aid
ACapital receipts
BRevenue receipts
CNon-tax revenue
DGrants-in-aid
Related Questions:
കേന്ദ്രസർക്കാരിന്റെ നികുതിയിനത്തിൽ പെടാത്ത കണ്ടെത്തുക ?
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?