What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes andamp; Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer?

EduRev

All Courses

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

CUET Exam > CUET Questions > What is the main reason behind the increased ...

Join the Discussion on the App

What is the main reason behind the increased revenue buoyancy in India?

a)
The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.
b)
The reduction in tax evasion through multiple consistency checks in the digital systems.
c)
The increase in direct tax collections is due to better income reporting.
d)
The introduction of faceless assessment and appeal systems.

Correct answer is option 'B'. Can you explain this answer?

FREE This question is part of

Test: Economic Survey

Attempt Test

Attempt this Test

Most Upvoted Answer

What is the main reason behind the increased revenue buoyancy in India...

One prominent reason behind the higher revenue buoyancy is the introduction of technology-backed tax governance reforms for simplifying tax processes, enhancing compliance, and improving fraud detection systems.
The faceless assessment and appeal systems no longer require a physical interface between taxpayers and the Income Tax department. Moreover, multiple consistency checks possible with integrated digital systems reduce tax evasion.
- As an illustration, the GST return filing mechanism results in better income reporting, leading to higher direct tax collections.
In this regard, the decision to share data and information between CBDT and CBIC on an automatic and regular basis is a promising reform, and it would result in efficiency gains in the tax system.
- These reforms augur well for future economic growth and future resource mobilisation in the economy.

Answered by Sushil Kumar · View profile

Attention CUET Students!

To make sure you are not studying endlessly, EduRev has designed CUET study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CUET.

CUET Mock Test Series

CUET Science Subjects Mock Tests 2025

CUET Mock Test: Commerce Subjects 2025

CUET Mock Test: Humanities Subjects 2025

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for CUET exam

Similar CUET Doubts

PM-PRANAM scheme was announced in Budget 2023. What is the objective of the scheme?

View answer

How does the revisedfiscal deficit in Budget 2024compare to the previous estimate?

View answer

The price of rice increased from Rs. 15 by 15% and then reduced by 30 paise. What was the net increase?

View answer

If A is increased by 10%, by what per cent does A2 increase?

View answer

The Ministry of Environment, Forest and Climate Change has constituted a task force to monitor cheetah introduction in which of the following National Parks?

View answer

Top Courses for CUETView all

CUET Mock Test Series

CUET Science Subjects Mock Tests 2025

CUET Mock Test: Commerce Subjects 2025

CUET Mock Test: Humanities Subjects 2025

General Test Preparation for CUET

Top Courses for CUET

View all

What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? for CUET 2024 is part of CUET preparation. The Question and answers have been prepared according to the CUET exam syllabus. Information about What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CUET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer?.

Solutions for What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CUET. Download more important topics, notes, lectures and mock test series for CUET Exam by signing up for free.

Here you can find the meaning of What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the main reason behind the increased revenue buoyancy in India?a)The decision to share data between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes & Customs (CBIC) on an automatic and regular basis.b)The reduction in tax evasion through multiple consistency checks in the digital systems.c)The increase in direct tax collections is due to better income reporting.d)The introduction of faceless assessment and appeal systems.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CUET tests.

Explore Courses for CUET exam