Write explanatory notes on the taxes listed below and in each case indicate whether
the tax complies with the main principles of a good tax system.
(a) Presumptive tax on agricultural produce.
(5 marks)
(b) Cess on agricultural produce. (5
marks)
(c) Trade licence chargeable to professionals.
(5 marks)
(d) Stamp duties on transfer of properties. (5
marks)