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प्रश्न
Briefly explain why direct taxes foster civic consciousness among people.
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उत्तर
- Direct taxes create a spirit of civic responsibility amongst the tax-payers.
- Since the tax-payers provide the funds from their own pockets to the government, they take keen interest in seeing that these funds are properly utilised.
- This public awareness plays an important role in checking the wastage of public expenditure.
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संबंधित प्रश्न
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
Monetary policy means regulation of money supply by the monetary authority.
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define direct tax
What is meant by shifting of tax burden?
Explain how indirect taxes can be inflationary.
State two drawbacks of direct taxes.
Explain clearly tour ways by which the state can promote economic growth and development.
State two differences between income tax and commodity tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
