Question
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?Solution
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 of the following is the largest compartment in a ruminant animal?
When the activity of one gene is suppressed by the activity of a non-allelic gene, it is known as
The first Indian Cooperative Societies Act was passed in the year:
Iron is an important component of which of the following enzyme?
Truly migratory fish, the migrations of which occur wholly within freshwater is classified as
Which is not true for Mycorrhizae Fungi?
Flooding is the method used for the reclamation practice in which of the problematic soil?
Riceyness is physiological disorder related to _______ crop.
Which of the following mechanisms do not encourage cross pollination?
A form of expression of quantity of water required for irrigation to bring a crop maturity is called ______.
