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InterviewSolution
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State the three merits and demerits of direct tax |
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Answer» A DIRECT tax is an equitable tax. Through it the rich can be made to pay more than the poor. ... The RATES of direct taxes, like the income tax, can be FIXED in such a way that the higher the income of a MAN, the greater is the rate at which he has to pay the tax. Such a system is known as progressive taxation. |
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