What is the difference between the Excise duty and Customs duty?

Tax on income or tax on commodities. Which of the two affects the rich more and which affects the poor more? Explain with reasons.

How would VAT reduce the evasion of taxes on goods?

Is there any hike in the bus fares recently? If so, try to know the reasons for it.

Read the paragraph under the heading ‘Direct Taxes' and answer the following: Why do high-income earners pay more tax?