Concept of Tax: An Overview

The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution articulates that India is a welfare state. A welfare state is a form of government in which the state protects and promotes the economic and social well-being of the citizens, based upon the principles of equal opportunity, equitable distribution of wealth, and public responsibility of security of all citizens. For this very purpose government needs funds and has to levy taxes on their (Indian) citizens,...