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प्रश्न
Classify the following type of tax into direct and indirect taxes:
Income tax
State whether the following is a direct or an indirect tax:
Income tax
Giving reasons classify the following into direct and indirect tax:
Income tax
पर्याय
Direct tax
Indirect tax
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उत्तर
Direct tax
Explanation:
It is a direct tax because its impact and incidence lie on the same persons.
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संबंधित प्रश्न
The state can promote economic development by ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Which of these taxes is most likely to be progressive?
Which of the statement is true for income tax?
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Citing reason state the advantage of a progressive tax over proportional tax.
Explain clearly tour ways by which the state can promote economic growth and development.
Discuss four fiscal policy objectives with reference to India.
Explain the term Impact of a tax.
Differentiate between progressive and regressive taxes giving an example for each.
