Find out more about present day taxes on markets . Who collected these ,how are they collected and what are they used for?
Answers
Taxes are imposed on the people of India by the ‘government’. The money from taxes helps in generating income for the government for taking care of the economy of the country.
EXPLANATION:
The people of India pay taxes imposed on them by the government. 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. The various taxes which have to be imposed on the people is done on the basis of a law passed by the parliament of India which gives the power to the state or the ‘Central government’ to levy the tax.