Indian Taxation law is based on which of the following principle?
Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle . It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics. • The ethical base of this principle rests on the assumption that one rupee paid in taxes by a rich person represents less sacrifice than does the same rupee tax paid by a poor man and that fairness demands equal sacrifice by both rich and poor in support of government. • Example : Income tax- a progressive tax structure.
Cryogenic engines are primarily used in which field?
Which of the following gases is used as reference to calculate "Global Warming Potential (GWP)"?
Consider the following statements in regards to INS 2B (ISRO NanoSatellite 2B):
1. The INS 2B is a nanosatellite
2. It is developed j...
Which moon is the smallest in the solar system?
Which planet in our solar system has no atmosphere at all?
Who is often referred to as the 'Father of the Periodic Table'?
'Bandwagon-1' is a rideshare mission launched by which organization?
Sequencing of ‘human genome’ was successfully done in the year
Insulin hormone is secreted by which of the following organ?
Which principle does a washing machine operate on?