Q.3 Taxation is not just a vehicle for raising state revenue but is also a critical instrument for economic and political development. Discuss. (10 Marks)

Mentor’s Comments- Introduction- Write about the meaning of taxation and who is the authority for taxation. Body – the main role of taxation, i.e. generating state revenue. discuss on how taxation is important for economic and political development. Conclude the answer with importance of taxation for an overall growth of a state.