Individuals should be asked to pay taxes according to their ability to pay. As income increases the taxes should increase. Which of the following principles of taxation is based on equity and fairness?
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.
Which one of the following is a competitive market?
The diploid (2n) chromosome number in pearl millet (Bajra) is:
The 3rd day of the 5 days training program for designated Officer focuses on:
The Marginal Physical Product (MPP) is maximum corresponding to the
Aonla belongs to the family of……………………..
Which of the following is best suited as catch crop?
Sprinkler irrigation is not suitable for the soils with the infiltration rate:
Growing coconut, black pepper, and ginger in the same field simultaneously is called as ____
The Law of Segregation states that:
The Food Safety and Standards Authority of India (FSSAI) recently released the State Food Safety Index (SFSI) 2022-2023, which assesses the performance ...
