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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
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Which of these taxes is most likely to be progressive?
Define Indirect tax
Define a degressive tax.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Discuss four fiscal policy objectives with reference to India.
State the four merits of a direct tax.
Differentiate between progressive and regressive taxes giving an example for each.
Explain the state's role in achieving the objective of social justice in less developed countries.
