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tax expenditure and revenue

Tax Expenditure (Revenue Foregone) and Its Advantages

Introduction Taxation is the backbone of government finance, providing the resources needed to fund public goods, welfare programs, infrastructure, and national defense. However, taxation is not merely about raising revenue; it is also a powerful instrument for influencing economic and social behavior. Governments often design their tax systems in such a way that certain groups,…

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types of tax in India

Types of Tax in India: A Comprehensive Analysis

Introduction Taxation is the backbone of any government’s revenue system. In India, taxes are the primary source of funding for development projects, welfare schemes, administration, and defense. The Indian tax system has evolved significantly since independence, moving from a complex web of colonial-era levies to a more structured and technology-driven framework today. Broadly, taxes in…

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