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Which of the following statements are correct? i. A tax is a statutory obligation that is imposed by an act of parliament in a country.
Which of the following statements are correct?
i. A tax is a statutory obligation that is imposed by an act of parliament in a country.
ii. A tax is any deduction taken from a persons salary by the government.
iii. Taxation is the major source of government income.
iv. Direct and indirect taxes are the two broad categories of taxation.
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