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In the domain of Public Finance, the study of taxation is an important component. It is taught to the students of economics, business and public administration in all colleges and universities. The present book Taxnama: Economics of Taxation encompasses the lectures delivered by the author to the students of economics and public administration. In a world characterized by the presence of ‘asymmetric information’ and ‘economic uncertainities’, taxation is regarded as one of the three ‘glorious certainities’. The other two being ‘price rise’ and ‘death’.