Advertisements
Advertisements
प्रश्न
What are the types of tax? Give examples.
दीर्घउत्तर
Advertisements
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.
shaalaa.com
Tax
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
Very Short Answer Type Question:
For what did rulers need taxes?
Fill in the blank:
Herders were supposed to pay taxes in the form of _________
______ is levied by government for the development of the state’s economy.
A Government’s ability to raise taxes is called its ______ capacity.
Tax system should be designed in such a way that the people automatically pay more tax revenue with increase in income ______.
The origin of the word tax is from taxation which means ______.
Which Canon of tax system does Indian tax system adhere to?
What is meant by canon of equity?
What is canon of convenience?
What is canon of Elasticity?
