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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
Which of these taxes is most likely to be progressive?
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Classify the following type of tax into direct and indirect taxes:
House tax
Give an example of Indirect tax.
Explain clearly tour ways by which the state can promote economic growth and development.
State two differences between income tax and commodity tax.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
State the four merits of a direct tax.
Give two examples of direct taxes.
Explain briefly two merits of indirect tax.
