Advertisements
Advertisements
प्रश्न
Explain the term Incidence of a tax.
What is meant by incidence of taxation?
Advertisements
उत्तर
Incidence means the final resting place of a tax. The incidence is on the person who ultimately bears the money burden of the tax.
संबंधित प्रश्न
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
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 |
Define direct tax
Define Indirect tax
Citing reason state the advantage of a progressive tax over proportional tax.
Citing reason state the advantage of a direct tax over an indirect tax.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the significance of taxes.
Explain the state's role in achieving the objective of social justice in less developed countries.
Explain how indirect taxes can be made progressive.
