Cannons of taxation as propounded by Adam Smith despite the modern development of economic sciences still apply and hold good. These cannons of taxation refer to administrative aspect of a tax. Find out from the followin

Official answer key: (A). Official source note: Cannons of taxation as propounded by Adam Smith despite the modern development of economic sciences still apply and hold good. These cannons of taxation refer to administrative aspect of a tax. Find out from the following, which have been considered too under the Income Tax Act as being the fundamental cannons of taxation : (i) Cannon of Equity; (ii) Cannon of Economy (iii) Cannon of Uncertainty; (iv) Cannon of Non-convenience; (v) Cannon of Certainty (A) (i), (ii) & (v) (B) (ii), (iv) & (v) (C) (i), (iii) & (iv) (D) All the five above