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प्रश्न
What are the types of tax? Give examples.
दीर्घउत्तर
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उत्तर
Taxes are of various types and are generally classified into two main categories:
- Direct Tax: A direct tax is a tax that an individual or organisation directly pays to the government. It is based on income, wealth, or property and cannot be transferred to others.
For Example: Income tax, Wealth Tax, Corporate Tax, etc. - Indirect Tax: An indirect tax is a tax that is collected by an intermediary (like a shopkeeper) from the consumer and then paid to the government. It is included in the price of goods or services, so it can be passed on to others.
For Example: Goods and Services Tax, Value Added Tax, etc.
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संबंधित प्रश्न
Choose the correct option to complete the statement given below:
One-sixth of the produce was taken as tax from_________
Fill in the blank:
The taxes on crops were called _________
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Herders were supposed to pay taxes in the form of _________
______ is levied by government for the development of the state’s economy.
The origin of the word ‘tax’ is from the word ______.
write any two difference between tax and payments?
Energy, water, and waste management systems are common public ______.
Which Canon of tax system does Indian tax system adhere to?
What is meant by canon of equity?
What is canon of certainty?
