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प्रश्न
Define Indirect tax
What are indirect taxes?
What is meant by an indirect tax?
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उत्तर १
Indirect taxes are those taxes in which the burden of tax shifts from the payer to the bearer. For example, in the case of sales tax, the seller is liable to pay the tax; however, the burden of bearing the tax falls on the customer. The seller collects the tax from the customer and pays it to the government.
उत्तर २
According to Prof. Dalton, An indirect tax is imposed on one person but paid partly or wholly by another
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संबंधित प्रश्न
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Fiscal policy means public expenditure and tax policy of the government.
Monetary policy means regulation of money supply by the monetary authority.
The state can promote economic development by ______.
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 |
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 |
State two objectives of fiscal policy.
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Sales tax
Explain the following with examples:
Progressive tax
