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Question
Minimum possible amount should be spent in the collection of taxes is
Options
canon of equality
canon of certainity
canon of economy
canon of convenience
MCQ
Solution
canon of economy
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Principle of Taxation
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RELATED QUESTIONS
Write briefly about the principles of taxation.
______ principles or cannons of taxation still form the basis of the tax structure of a modern state.
______ is the government should impose taxes in such a way that people have to pay according to their ability.
______ is the taxes should be levied and collected in such a manner that it provides a maximum of convenience to the taxpayers.
______ is the minimum possible money should be spent in the collection of taxes.
Match the following
A | B | ||
1. | Adam smith | a. | Payment using aadhar |
2. | Progressive tax | b. | 1963 |
3. | Digital India | c. | 2005 |
4. | Central Board of Revenue Act | d. | Canon of Taxation |
5. | VAT | e. | increase the income |