English

Highlight two differences between sales tax and income tax. - Economics

Advertisements
Advertisements

Question

Highlight two differences between sales tax and income tax.

Distinguish Between
Advertisements

Solution

Sales Tax Income Tax
It is an indirect tax. It is a direct tax.
It is levied on goods and services. It is levied on income.
burden can be shifted to the buyer. Paid directly by the person earning income.
shaalaa.com
  Is there an error in this question or solution?
Chapter 29: Fiscal Policy - EXAMINATION CORNER [Page 29.14]

APPEARS IN

R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 29 Fiscal Policy
EXAMINATION CORNER | Q 16. | Page 29.14
R. K. Lekhi and P. K. Dhar Economics [English] Class 12 ISC
Chapter 30 Budget
EXAMINATION CORNER | Q 18. | Page 30.30
Frank Economics [English] Class 12 ISC
Chapter 16 Fiscal Policy
TEST YOURSELF QUESTIONS | Q 6. | Page 325
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×