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प्रश्न
Explain the term Impact of a tax.
What is meant by impact of taxation?
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उत्तर
The term impact is used to express the immediate or original imposition of tax. The impact of tax is on the person on whom it is imposed first i.e., the person who is liable to pay tax to the government.
संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Fiscal policy means public expenditure and tax policy of the government.
Instruments of fiscal policy is:
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
Define Indirect tax
Differentiate between direct and indirect taxes.
Explain the term proportional taxation.
Draw a neat labelled diagram for progressive taxation.
State three demerits of an Indirect tax.
Explain the significance of taxes.
