The payment made by a person for a passport is an example of:
ADirect Tax
BNon-tax revenue (Fees)
CIndirect Tax
DCapital Receipt
ADirect Tax
BNon-tax revenue (Fees)
CIndirect Tax
DCapital Receipt
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?