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प्रश्न
Which of the statement is true for income tax?
विकल्प
It is regressive by nature.
It is an example of indirect tax.
Impact and incidence of the tax lies on the same person.
Impact and incidence of the tax lies on the different persons.
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उत्तर
Impact and incidence of the tax lies on the same person.
Explanation:
Income tax is a direct tax, which means that the impact and incidence fall on the same person.
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संबंधित प्रश्न
Monetary policy means regulation of money supply by the monetary authority.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Distinguish between fiscal policy and monetary policy.
Define a degressive tax.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
Classify the following type of tax into direct and indirect taxes:
House tax
Give two reasons why the government imposes tax?
Three demerits of an Indirect tax.
Explain the following with examples:
Progressive tax
Define the following term:
Fiscal deficit
