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प्रश्न
Which of these taxes is most likely to be progressive?
पर्याय
Entertainment tax
Goods and services tax
Property tax
Custom duty
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उत्तर
Property tax
Explanation:
- Property tax is expected to be progressive. Progressive taxes are those in which the tax rate rises as the taxable amount increases.
- Property taxes are frequently called progressive because they are typically dependent on the value of the property held.
- Individuals with more valued properties (which frequently signify greater income) pay higher taxes, making it progressive in nature.
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संबंधित प्रश्न
______ is an example of commercial revenues.
Monetary policy means regulation of money supply by the monetary authority.
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 : ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
State two objectives of fiscal policy.
Define Indirect tax
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
Income tax
Discuss four fiscal policy objectives with reference to India.
Explain the following with examples:
Progressive tax
