07/2022-Income Tax MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No 07 2022 Income Tax New Delhi the 18th January 2022 S O 248 E In exercise
The entire amount of the government’s income (the tax revenue) may not be a deadweight drag, if the tax revenue is used for productive spending or has positive externalities – in other words, governments may do more than simply consume the tax income. While distortions occur, consumption t...