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प्रश्न
Classify the following type of tax into direct and indirect taxes:
Income tax
State whether the following is a direct or an indirect tax:
Income tax
Giving reasons classify the following into direct and indirect tax:
Income tax
विकल्प
Direct tax
Indirect tax
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उत्तर
Direct tax
Explanation:
It is a direct tax because its impact and incidence lie on the same persons.
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संबंधित प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Define fiscal policy.
Define Indirect tax
Citing reason state the advantage of a progressive tax over proportional tax.
Briefly explain why direct taxes foster civic consciousness among people.
Give two reasons why the government imposes tax?
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Explain the state's role in achieving the objective of social justice in less developed countries.
