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प्रश्न
Which of the statement is true for income tax?
पर्याय
It is regressive by nature.
It is an example of indirect tax.
Impact and incidence of the tax lies on the same person.
Impact and incidence of the tax lies on the different persons.
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उत्तर
Impact and incidence of the tax lies on the same person.
Explanation:
Income tax is a direct tax, which means that the impact and incidence fall on the same person.
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संबंधित प्रश्न
Define fiscal policy.
State two objectives of fiscal policy.
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
What is meant by regressive taxation?
Explain the term proportional taxation.
Which one is better progressive or regressive taxation and why?
Explain clearly tour ways by which the state can promote economic growth and development.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Explain the state's role in achieving the objective of social justice in less developed countries.
