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प्रश्न
Explain the term Incidence of a tax.
What is meant by incidence of taxation?
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उत्तर
Incidence means the final resting place of a tax. The incidence is on the person who ultimately bears the money burden of the tax.
संबंधित प्रश्न
Fiscal policy means public expenditure and tax policy of the government.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
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 |
Name any two instruments of Fiscal Policy.
Classify the following type of tax into direct and indirect taxes:
House tax
Explain the term proportional taxation.
Draw a neat labelled diagram for progressive taxation.
Explain clearly tour ways by which the state can promote economic growth and development.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the term Impact of a tax.
