Q.
1
Assertion (A): Revenue from indirect taxes was the major source of tax revenue till tax reforms were taken during nineties.
Reason (R): Traditionally India’s tax regime relied heavily on indirect taxes including customs and excise.
-
A
(A) and (R) both are correct, but (R) is not the correct explanation of (A)
-
B
(A) is correct, but (R) is not correct
-
C
(A) and (R) both are correct and (R) is the correct explanation of (A)
-
D
(A) and (R) both are incorrect.