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प्रश्न
State two differences between income tax and commodity tax.
State two difference between tax on income and tax on a commodity.
Mention two points of distinction between tax on income and tax on commodity.
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उत्तर
| S. No. | Income tax | Commodity tax |
| 1. | Income tax is a direct tax. | Tax on a commodity is an indirect tax. |
| 2. | Tax burden of income tax cannot be shifted to another. | tax burden on a commodity can be shifted wholly or particularly on to its buyers in the form of higher prices. |
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संबंधित प्रश्न
The essential feature of a tax.
Fiscal policy means public expenditure and tax policy of the government.
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 |
Citing reason state the advantage of a progressive tax over proportional tax.
What is meant by shifting of tax burden?
To which tax is this shifting of tax burden relevant?
Give two reasons why the government imposes tax?
Explain clearly tour ways by which the state can promote economic growth and development.
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.
