Direct taxes, while equitable and certain, can sometimes be perceived as arbitrary due to the subjective nature of tax slabs and rates. For example, taxpayers in higher income brackets may feel that the progressive nature of tax rates disproportionately burdens them, leading to perceived inequity and discouragement
Match List-I with List-II:
\[\begin{array}{|l|l|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline \text{(A) Sale of jewelry} & \text{(I) Income from Salary} \\ \hline \text{(B) Pension from former employer} & \text{(II) Capital gain/loss} \\ \hline \text{(C) Salary received from a partnership firm} & \text{(III) Income from other sources} \\ \hline \text{(D) Income from sub-letting of property} & \text{(IV) Profits and gains from business or profession} \\ \hline \end{array}\]
Match List-I with List-II: