3 Indian & AP Economy and Planning · 3.4.5 Public finance

3.4.5.6 Taxation: concepts, incidence, buoyancy, reform committees and abolished taxes

A tax is a compulsory payment to the government with no direct return; India's tax system is split between the Union and States by the Constitution and has been reformed several times since 1991.

  • APPSC Group 1
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • direct tax
  • indirect tax
  • incidence
  • buoyancy
  • progressive
  • tax evasion
  • tax avoidance
  • Chelliah Committee
  • Kelkar
  • Shome
  • wealth tax
  • estate duty
  • gift tax
  • 80th Amendment

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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