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प्रश्न
Explain briefly two merits of indirect tax.
संक्षेप में उत्तर
उत्तर
Merits of indirect tax are as follows:
- Indirect taxes are convenient to pay because they are paid in small amounts and are included in the price of the commodity. Taxpayers do not feel the burden of these taxes.
- Indirect taxes can be used to increase social welfare. The consumption of goods which are undesirable and harmful such as wine, cigarettes, etc. can be discouraged by imposing heavy taxes on them.
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Role of State in Economic Development
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संबंधित प्रश्न
Monetary policy means regulation of money supply by the monetary authority.
The major objective of monetary policy is ______.
Name any two instruments of Fiscal Policy.
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
State two objectives of fiscal policy.
Define Indirect tax
Citing reason state the advantage of a progressive tax over proportional tax.
Classify the following type of tax into direct and indirect taxes:
Income tax
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain how indirect taxes can be made progressive.
