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प्रश्न
The essential feature of a tax.
विकल्प
A compulsory payment
A legal payment
Both Compulsory payment and legal payment.
Neither Compulsory payment nor Legal payment
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उत्तर
Both Compulsory payment and legal payment.
Explanation:
A tax is both a compulsory payment and a legal payment. It is compulsory because it is mandatory for individuals and businesses and legal because taxes are imposed and collected under the authority of the law.
संबंधित प्रश्न
Which of the following taxes generate civic consciousness among people?
Define fiscal policy.
State the difference between income tax and expenditure tax.
Citing reason state the advantage of a progressive tax over proportional tax.
Explain clearly tour ways by which the state can promote economic growth and development.
State two differences between income tax and commodity tax.
Discuss four fiscal policy objectives with reference to India.
State three demerits of an Indirect tax.
Explain the term Incidence of a tax.
Define the following term:
Fiscal deficit
