Advertisements
Advertisements
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
Advertisements
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
Under ______ the rate of tax increases with rise in tax payer's income.
Which of these taxes is most likely to be progressive?
Name any two instruments of Fiscal Policy.
What is meant by shifting of tax burden?
What is meant by regressive taxation?
Explain the term proportional taxation.
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.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
