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प्रश्न
Explain the term Impact of a tax.
What is meant by impact of taxation?
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उत्तर
The term impact is used to express the immediate or original imposition of tax. The impact of tax is on the person on whom it is imposed first i.e., the person who is liable to pay tax to the government.
संबंधित प्रश्न
The essential feature of a tax.
Which of the following is an advantage of direct taxes?
Monetary policy means regulation of money supply by the monetary authority.
Classify the following types of tax into direct and indirect taxes:
- Entertainment tax
- Income tax
- House tax
- Sales tax
What is meant by regressive taxation?
Explain how indirect taxes can be inflationary.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Discuss four fiscal policy objectives with reference to India.
State the four merits of a direct tax.
Explain the significance of taxes.
