Indian Taxation law is based on which of the following principle?
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. • The ethical base of this principle rests on the assumption that one rupee paid in taxes by a rich person represents less sacrifice than does the same rupee tax paid by a poor man and that fairness demands equal sacrifice by both rich and poor in support of government. • Example : Income tax- a progressive tax structure.
Milk and water are mixed in vessel A in the ratio of 5:2 and in vessel B in the ratio of 8 : 5. In what ratio should quantities be taken from the two v...
In a total 80-liter mixture of milk and water, there is 25% milk. How many liters of water should be added so that the quantity of milk in the mixture b...
130 litres of a mixture contains 35% milk and rest water. If ‘x’ litres of milk is added into the mixture then quantity of water in the final mixtur...
A certain quantity of a 35% sugar solution is mixed with 10 liters of a 48% sugar solution to obtain a 40% sugar solution. How many liters of the 35% su...
A 210 litres mixture contains only water and phenyl in the ratio 3:4, respectively. If 70 litres of this mixture is replaced with 25 litres of alcohol, ...
340 ml of mixture contains milk and water in the ratio of 18:x respectively. If 50 ml of water and 60 ml of milk is added into it then ratio of milk to ...
120 litres of mixture contains water and milk in the ratio 5:6 respectively. If 32 litres of the mixture is replaced by same quantity of water, then fin...
Vessel contains 40 liters wine. If x liters of wine is taken out and replaced with water, this process is repeated two more times and then quantity of ...
A mixture P, consisting of 648 ml, contains milk and honey in the ratio of 5:4. This is combined with another mixture Q, which has a milk to honey ratio...
"In a mixture containing a total of 210 liters, the ratio of petrol to diesel is initially 3:2. A quantity 'p' liters of petrol and 1.5p liters of diese...