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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
______ are those taxes which are paid by the same person on whom they have been imposed.
The government imposes tax ______.
Fiscal policy means public expenditure and tax policy of the government.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Classify the following types of tax into direct and indirect taxes:
- Entertainment tax
- Income tax
- House tax
- Sales tax
Explain clearly tour ways by which the state can promote economic growth and development.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain the significance of taxes.
Define the following term:
Fiscal deficit
