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Which of the following statements best describes the term ‘Tax | VIVEKANAND IAS (Official )

Which of the following statements best describes the term ‘Tax credit’?
Anonymous Quiz
20%
It is the amount of money collected from a taxpayer for a specified purpose, as tax on tax
46%
It is a sum that can be subtracted from the total payable tax by an individual
27%
Both of the above
7%
None of the above