(i) Black money refers to the unaccounted money. (ii) Taxation should be used as an instrument for controlling inflation. (iii) Tax payer does not expect any direct benefit from direct taxes.(iv) Unreporting income is a form of tax evasion. (a) (i), (ii) are correct (b) (ii), (iii), (iv) are correct (c) (i), (iii), (iv) are correct (d) All are correct.

(i) Black money refers to the unaccounted money. (ii) Taxation should

1.	(i) Black money refers to the unaccounted money. (ii) Taxation should be used as an instrument for controlling inflation. (iii) Tax payer does not expect any direct benefit from direct taxes.(iv) Unreporting income is a form of tax evasion. (a) (i), (ii) are correct (b) (ii), (iii), (iv) are correct (c) (i), (iii), (iv) are correct (d) All are correct.
Answer» (d) All are correct.