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Horizontal Equity: It is the notion that equally situated individuals should be taxed equally. More specifically, persons of equal income should pay identical amounts in taxes. But it is very difficult to apply the concept in practice. Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle. It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics.
When is a gang rape said to have been committed?
Suits other than for compensation for wrongs done to person or immovable property shall be filed at:
The assets in India of every banking company at the close of business on the last Friday of every quarter or, if that Friday is a public holiday at the ...
The limitation period of prosecutions under section 27 of the Contract Labour (Regulation and Abolition) Act, 1970 is —
Which of the following is a deemed decree?
The resolution professional shall file an application to the Adjudicating Authority to extend the period of the corporate insolvency resolution process ...
Which of the following chapters deals with the concept of development of minerals under the Mines and Minerals Development and Regulation Act, 1957?
The rescission of a voidable contract may be communicated or revoked in the same manner, and subject to the same rules, as apply to the ________________
As per Section 8 of the Coal Mines Nationalisation Act 1973, payment of amount to owners of coal mines shall be made in which of the following forms?
An unlawful assembly consists of _________ number of persons.