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प्रश्न
The essential feature of a tax.
पर्याय
A compulsory payment
A legal payment
Both Compulsory payment and legal payment.
Neither Compulsory payment nor Legal payment
उत्तर
Both Compulsory payment and legal payment.
Explanation:
A tax is both a compulsory payment and a legal payment. It is compulsory because it is mandatory for individuals and businesses and legal because taxes are imposed and collected under the authority of the law.
संबंधित प्रश्न
______ is an example of commercial revenues.
The state can promote economic development by ______.
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?
Explain clearly tour ways by which the state can promote economic growth and development.
Define a tax.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Discuss four fiscal policy objectives with reference to India.
Explain the state's role in achieving the objective of social justice in less developed countries.