Q. Which of the following is not a characteristic of a tax? (Solved)
1. It is a compulsory payment.
2. Every tax involves a sacrifice by tax payer.
3. There is a quid-pro-quo between the tax payer and the Government.
4. Refusal to pay tax is a punishable offence.
- c. There is a quid-pro-quo between the tax payer and the Government.