Which one of the following is not included in the 'principles of taxation' given by Adam Smith ?
The Principle of Critical Minimum Limit is not one of Adam Smith's canons of taxation. His canons are equity, certainty, convenience and economy.
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Which one of the following is not included in the 'principles of taxation' given by Adam Smith ?
Answer and explanation
Correct answer D
The Principle of Critical Minimum Limit is not one of Adam Smith's canons of taxation. His canons are equity, certainty, convenience and economy.
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Madhya Pradesh SET (MP SET)