An Act to Promote, Require and Ensure the Production of an Adequate Supply, Distribution, Use and Acceptance of Drugs and Medicines Identified by their Generic Names?
The text deals with how India's taxation system should be revised and reformed, to ensure that the most appropriate citizens pay the most necessary taxes that will promote India's infrastructural growth.
Based on this, we can answer the other questions as follows:
- The research is against the increase in income tax exemption limits because it believes that this increases the number of taxpayers as it promotes the economic rise of citizens.
- The text states that the property tax should have its limits extended because it refers to objects that are easy to identify.
<h3>How does research establish this?</h3>
According to the research, current income tax limits allow rich people to pay higher amounts, while poor people are exempt. This allows poor people to optimize the money they have more efficiently, promoting economic growth and becoming income taxpayers in the future. For this reason, income tax limits should not be increased.
However, the research states that property tax limits should be increased, as this type of property is an immovable object, easy to identify, and belongs to people with high social classes. It is possible to tax them fairly, without compromising their economic condition.
Learn more about property tax:
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