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प्रश्न
What are the types of tax? Give examples.
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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
Find out whether any of the groups mentioned in answer 2 pay taxes to day.
Very Short Answer Type Question:
For what did rulers need taxes?
Choose the correct option to complete the statement given below:
One-sixth of the produce was taken as tax from_________
Fill in the blank:
Herders were supposed to pay taxes in the form of _________
The origin of the word ‘tax’ is from the word ______.
Define tax.
The present Indian tax system is based on the ______ tax system.
Tax system should be designed in such a way that the people automatically pay more tax revenue with increase in income ______.
Which Canon of tax system does Indian tax system adhere to?
What is canon of Economy?
