Subject: Economics
Book: Comprehensive Indian Economy
India’s tax system comprises direct taxes (income tax, corporate tax) and indirect taxes (GST, customs, excise). GST subsumed numerous state and central levies, simplifying compliance and unifying markets. Ongoing reforms include rationalizing tax slabs, broadening the base, and improving digital compliance (e-filing, e-way bills). From an exam standpoint, note the difference between progressive and regressive taxation, how TDS works, and the rationale behind occasional surcharges or cesses. Contemporary debates revolve around reducing corporate tax rates to spur investment while ensuring enough revenue to fund welfare programs.
Which of the following is NOT an example of a direct tax?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhat is the main aim of Public Distribution System (PDS) in India?
View QuestionWhat does the Gini Coefficient measure?
View QuestionWhat is the meaning of “disguised unemployment”?
View QuestionWhat is meant by the term “current account deficit”?
View QuestionWhich of the following factors is NOT included in the calculation of Human Development Index (HDI)?
View QuestionWhat is “currency devaluation”?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhat is “inclusive growth”?
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