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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
______ are those taxes which are paid by the same person on whom they have been imposed.
Which of the following is an advantage of direct taxes?
Monetary policy means regulation of money supply by the monetary authority.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
State the difference between income tax and expenditure tax.
What is meant by regressive taxation?
State the four merits of a direct tax.
Explain the significance of taxes.
Define the following term:
Fiscal deficit
Citing reasons state the superiority of Progressive tax over regressive tax.
