Indian Polity · Polity
What is true regarding the Parliament's powers, when it comes to budgeting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Parliament can increase as well as reduce or abolish a tax.
- 2Parliament can neither increase nor reduce or abolish a tax.
- 3Parliament can increase a tax, but cannot reduce or abolish it.
- 4Parliament can reduce or abolish a tax, but cannot increase it.✓
Correct answer
Parliament can reduce or abolish a tax, but cannot increase it.
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