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प्रश्न
Explain the term Incidence of a tax.
What is meant by incidence of taxation?
उत्तर
Incidence means the final resting place of a tax. The incidence is on the person who ultimately bears the money burden of the tax.
संबंधित प्रश्न
Fiscal policy means public expenditure and tax policy of the government.
Instruments of fiscal policy is:
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
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.
State the difference between income tax and expenditure tax.
What is meant by shifting of tax burden?
Give one example of progressive tax.
How does the state fulfil the following socio-economic objective?
Environmental protection.
State the four merits of a direct tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
