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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
Which of the following is an advantage of direct taxes?
The major objective of monetary policy is ______.
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.
Classify the following type of tax into direct and indirect taxes:
Income tax
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State the four merits of a direct tax.
State three demerits of an Indirect tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
