........... is levied by government for the development of the states economy
Answers
Explanation:
Taxes in India are levied by the Central Government and the state governments.[1] Some minor taxes are also levied by the local authorities such as the Municipality.[2]
The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Central and the State. An important restriction on this power is Article 265 of the Constitution which states that "No tax shall be levied or collected except by the authority of law".[3] Therefore, each tax levied or collected has to be backed by an accompanying law, passed either by the Parliament or the State Legislature. None the less, tax evasion is a massive problem in India, ultimately catalyzing various negative effects on the country. In 2015-2016, the gross tax collection of the Centre amounted to ₹14.60 trillion (US$200 billion).[4]
Answer:
TAX
Explanation:
LESSON NAME IS GOVERNMENT AND TAX IN
10 TH BOOK 1ST FILLIT OK