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Questions
Classify the following type of tax into direct and indirect taxes:
Income tax
State whether the following is a direct or an indirect tax:
Income tax
Giving reasons classify the following into direct and indirect tax:
Income tax
Options
Direct tax
Indirect tax
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Solution
Direct tax
Explanation:
It is a direct tax because its impact and incidence lie on the same persons.
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RELATED QUESTIONS
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| Column I | Column II | ||
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| B. | Incidence of tax | (ii) | Simple to calculate |
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