Question

Topic: The importance of taxes
Write a 200-word comment on the given topic with the help of points. (Five paragraphs)
•Types of taxes
•Government management
•Development of the country and the nation
•Burden on the people​

Answer 1

Answer:

The Government of every country requires funding to aid it in carrying out its necessary functions and duties. These include operating public institutions, developing the country’s infrastructure and financing public welfare initiatives and schemes. In exchange for providing these amenities, a government generates the revenue required for them by taxing its citizens.

To make this process efficient, every country has a proper taxation process laid out by its government. India, with its wide distribution of income earners and sources of revenue, is no different. It places value in the importance of taxes across the board and marks an important distinction between its major types of taxes.