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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
Instruments of fiscal policy is:
Distinguish between fiscal policy and monetary policy.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
Classify the following type of tax into direct and indirect taxes:
Income tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
Briefly explain why direct taxes foster civic consciousness among people.
What is meant by regressive taxation?
Explain how indirect taxes can be inflationary.
State two differences between income tax and commodity tax.
Citing reasons state the superiority of Progressive tax over regressive tax.
