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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
______ is an example of commercial revenues.
Under ______ the rate of tax increases with rise in tax payer's income.
Which of the following taxes generate civic consciousness among people?
Differentiate between direct and indirect taxes.
To which tax is this shifting of tax burden relevant?
Classify the following type of tax into direct and indirect taxes:
Sales tax
Give two reasons why the government imposes tax?
Define a tax.
Discuss four fiscal policy objectives with reference to India.
Explain the state's role in achieving the objective of social justice in less developed countries.
