Economics · Taxation Principles
Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): The application of the Principle of Convenience in a tax system improves compliance and reduces resistance to taxation. Reason (R): Taxes are collected at a time and in a manner convenient for the taxpayer, such as being deducted at the source of income, which directly reduces the burden on taxpayers. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both (A) and (R) are correct but (R) is NOT the correct explanation of (A)
- 2Both (A) and (R) are correct and (R) is the correct explanation of (A)✓
- 3(A) is correct but (R) is not correct
- 4(A) is not correct but (R) is correct
Correct answer
Both (A) and (R) are correct and (R) is the correct explanation of (A)
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