InterviewSolution
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InterviewSolution
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Give any two merits of direct taxes. |
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Answer» (i) Direct taxes like income tax, wealth tax, etc. are based on the principle of ability to pay, so equity or justice in the allocation of tax burden is well secured by these taxes. (ii) Direct taxes satisfy the canon of certainty. The State as well as tax-payers are certain about the amount of tax. |
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