Advertisements
Advertisements
Question
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
Advertisements
Solution
Direct taxes create a spirit of civic responsibility amongst the tax-payers. Since the tax-payers provide the funds from their own pockets to the government. Indirect taxes do not create no such civic consciousness.
APPEARS IN
RELATED QUESTIONS
______ is an example of commercial revenues.
Under ______ the rate of tax increases with rise in tax payer's income.
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.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Draw a neat labelled diagram for progressive taxation.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
State two differences between income tax and commodity tax.
Differentiate between progressive and regressive taxes giving an example for each.
Define the following term:
Fiscal deficit
