The 'Accrual Concept' is also known as: MCQ with Answer and Explanation

Explanation:
Finance Bill is presented to give effect to tax proposals of the budget.

Explanation:
Direct taxes (like Income Tax) are progressive, meaning the tax rate increases as income increases. Indirect taxes (like GST) are regressive, as they take a larger percentage of income from low-income earners than high-income earners. Both are correct.

Explanation:
Cryptocurrencies are not legal tender in India but gains are taxed.