in the government of India budget for year 2013-14,the finance minister proposed to raise the excise duty on cigarettes. he also proposed to increase income tax on individual earning more than rs. one crore per annum.
identity and explain the types of tax proposed by finance minister. was the objective only to earn revenue for government? what possible welfare objectives could the government be considering?
indirect tax n direct tax on income
no objective is not to earn Revenue rather to do social welfare as excise duty are imposed on cigrates to reduce the use of it As it is harmful for our health
n to bring equality btw poorer n richer sect of society
no objective is not to earn Revenue rather to do social welfare as excise duty are imposed on cigrates to reduce the use of it As it is harmful for our health
n to bring equality btw poorer n richer sect of society