16. The Indian income tax is
17. The Indian tax system is
18. The item or economic activity on which tax is imposed is known as
19. The Kelkar Proposals are concerned with
20. The Kerala Panchayat Raj Act was passed in the legislature in the year
21. The largest component of revenue expenditure in India is
22. The largest component of revenue expenditure in India is
23. The main objective of budgeting is
24. The main objective of taking private loan is
25. The maximum effect of direct taxes is on
26. The methods of restoring resource balance between different governments in a federal set-up is based on
27. The modern state is
28. The modern theory of tax incidence was developed by
29. The most accepted theory of taxation in modern times
30. The movement from older level of expenditure and taxation to a new and higher level is called
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