Advertisements
Advertisements
Questions
Define direct tax
What are direct taxes?
What is meant by direct tax?
Advertisements
Solution 1
Direct taxes refer to taxes that are imposed on the property and income of individuals and companies, and their burden cannot be shifted to another person/entity.
Solution 2
A direct tax is one that is paid by the person on whom it is legally imposed.
APPEARS IN
RELATED QUESTIONS
Identify the tax which is most likely to faster civic conciousness.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
The major objective of monetary policy is ______.
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define fiscal policy.
State the difference between income tax and expenditure tax.
Give an example of Indirect tax.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain the significance of taxes.
