Question

define income tax and explain the objective of changing income tax​

Answer 1

Answer:

The primary purpose of taxation is to raise revenue to meet huge public expenditure. Most governmental activities must be financed by taxation.

. Economic Development

2. Full Employment

3. Price Stability

4. Control of Cyclical Fluctuations

Answer 2

Answer:

income tax is something which is charged to take some amount of money for the development of different facilities for people only means it is kind of investment we are doing towards nation for the benefit of all the citizen

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