ENTREPRENEURSHIP

Detailed explanation-1: -A better way out would be to defer one expenditure if another one is seeking attention, rather than to increase taxes. In case financial institutions are not in a good shape and are unable to assess a project and share risks, a government guarantee towards cash flow would make the project very attractive.

Detailed explanation-2: -The 5 major sources of revenue for the Government are Goods and Services Tax (GST), Income tax, corporation tax, non-tax revenues, union excise duties . You can read about the Taxation System in India – Types, GST, VAT, Objectives, Limitation in the given link. Download The E-Book Now!

Detailed explanation-3: -Formalising the economy by bringing these businesses and workers under the tax net can increase the tax base. This can be achieved by providing incentives for businesses to register themselves and comply with tax laws, and by simplifying tax laws to make compliance easier.

Detailed explanation-4: -Dividends and profits Was this answer helpful?