The taxes which Kaldor proposed for India in 1956 to check tax evasion, supplementing income tax are…
Capital gains tax, an annual wealth tax, personal expenditure tax and gift tax formed part of Kaldor's proposed supplementary tax system. Together these taxes cover…
Choose your answer
The taxes which Kaldor proposed for India in 1956 to check tax evasion, supplementing income tax are
(a) Capital gains tax
(b) Annual tax on wealth
(c) Personal expenditure tax
(d) Gift tax
Answer and explanation
Correct answer D
Capital gains tax, an annual wealth tax, personal expenditure tax and gift tax formed part of Kaldor's proposed supplementary tax system. Together these taxes cover different forms of resources and transfers that income taxation alone may fail to capture.
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Tamil Nadu SET (TNSET)