Advertisements
Advertisements
Question
Define a ‘Direct tax’.
Advertisements
Solution
Direct Tax refers to the tax that is directly borne by the person on whom it is imposed. The burden of a direct tax cannot be shifted on to other person. For example, income tax, wealth tax, etc. are direct taxes as these taxes are paid and borne by the same person on whom they are levied.
shaalaa.com
Is there an error in this question or solution?
