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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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संबंधित प्रश्न
The major objective of monetary policy is ______.
Which of these taxes is most likely to be progressive?
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 |
Differentiate between direct and indirect taxes.
Define a degressive tax.
What is meant by shifting of tax burden?
Explain the term Impact of a tax.
Explain the significance of taxes.
Define the following term:
Fiscal deficit
Citing reasons state the superiority of Progressive tax over regressive tax.
