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प्रश्न
Citing reason state the advantage of a direct tax over an indirect tax.
Mention three merits of direct taxes over indirect taxes.
Citing reasons state the superiority of A direct tax over an indirect tax.
थोडक्यात उत्तर
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उत्तर
- Direct taxes cost less to collect than indirect taxes.
- Direct taxes are often progressive, which means they can more effectively reduce income and wealth inequities. Whereas, indirect taxes have a regressive pattern.
- Like indirect taxes, direct taxes are unlikely to cause product price increases.
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Role of State in Economic Development
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संबंधित प्रश्न
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Name any two instruments of Fiscal Policy.
State the difference between income tax and expenditure tax.
What are progressive taxes.
Give one example of progressive tax.
Explain how indirect taxes can be inflationary.
State two drawbacks of direct taxes.
State the four merits of a direct tax.
State three demerits of an Indirect tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
