Explain the features of tax.
Characteristics of Tax :
A tax is a compulsory contribution. Everyone has to pay a tax upon whom it is levied by the State. Refusal to pay a tax is subject to punishment.
It is the duty of the tax payer to pay the tax, if he is liable to pay it.
Revenue received from tax-payers may not be incurred for their benefit alone, but for the general and common benefit.
Since public expenditure is done for the common benefit and the benefit may not be in proportion of payment of tax.
A tax may be imposed on an individual or property or commodities, but it is actually paid by individuals.
It is a legal collection.
