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Consider the following statements : (a) During the first four decades of economic planning the reliance on commodity taxation had increased. (b) lt accounted for 84% of the tax revenue of the central government in 1990-91. (c) The ratio of indirect tax revenue to total tax revenue was 51.7% in 2016-17. Which of the above statement/s is/are incorrect?  

Consider the following statements : (a) During the first four decades of economic planning the reliance on commodity taxation had increased. (b) lt accounted for 84% of the tax revenue of the central government in 1990-91. (c) The ratio of indirect tax revenue to total tax revenue was 51.7% in 2016-17. Which of the above statement/s is/are incorrect?   Correct Answer None

The correct answer is None.

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Related Questions

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
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3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
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