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Define a Direct Tax. Give Two Examples. - ICSE Class 10 - Economics

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Question

Define a direct tax. Give two examples.

Solution

A tax is a compulsory payment imposed on persons or companies by the government to meet the expenditure incurred on providing common benefits to the people. Income tax and wealth tax are examples of direct tax.

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APPEARS IN

 2015-2016 (March) (with solutions)
Question 1.1 | 2.00 marks
Solution Define a Direct Tax. Give Two Examples. Concept: Concept for Taxes and Types.
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