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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
Which of the statement is true for income tax?
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Differentiate between direct and indirect taxes.
Define a degressive tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
Give an example of Indirect tax.
Define a tax.
Discuss four fiscal policy objectives with reference to India.
Explain the term Incidence of a tax.
