Which one of the following statements is correct with regard to the powers of the Parliament of India in enacting the budget?
A. It can increase a tax, but not reduce it.
B. It can increase a tax as well as reduce or abolish it.
C. It can not increase a tax but can reduce or abolish it.
D. It can neither increase a tax nor reduce it.
Answer:C
Which one of the following statements is correct with regard to the powers of the Parliament of India in enacting the budget?
A. It can increase a tax, but not reduce it. B. It can increase a tax as well as reduce or abolish it. C. It can not increase a tax but can reduce or abolish it. D. It can neither increase a tax nor reduce it.