Question

Find out more about present day taxes of market who are the collected and what are they used for

Answer 1

Answer:

The income generated by these taxes is used by the government to enhance the economy of the country by undertaking different projects. This helps in improving the 'standard of living' of the people in the country. It is the 'Constitution of India' which gives the government the 'authority to levy' the tax in India.

Answer 2

Answer:

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a. Present day taxes on markets are collected as licence fees from the shops.

The taxes collected are used for the welfare of public such as to construct road, drainage, improvement of sewage facilities, provisions of electricity and water supply etc.

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