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प्रश्न
What is meant by shifting of tax burden?
Explain the term Shifting of a tax.
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उत्तर
Shifting of the tax burden is the process by which the person or business legally responsible for paying a tax transfers that burden to another party. This happens when the taxpayer's tax responsibility is passed to someone else, usually through changes in prices or costs.
संबंधित प्रश्न
Fiscal policy means public expenditure and tax policy of the government.
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 : ______.
Which of the following taxes generate civic consciousness among people?
Name any two instruments of Fiscal Policy.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
Give one example of progressive tax.
Explain how indirect taxes can be inflationary.
Explain the term Impact of a tax.
Give two examples of direct taxes.
