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Question
______ are those taxes which are paid by the same person on whom they have been imposed.
Options
Proportional tax
Progressive taxes
Direct taxes
Indirect taxes
Solution
Direct taxes are those taxes which are paid by the same person on whom they have been imposed.
Explanation:
- Direct taxes are those taxes which are paid by the same person on whom they have been imposed.
- Examples include income tax, property tax, and corporate tax, where the individual or entity directly pays the tax to the government without it being passed on to others.
RELATED QUESTIONS
Under ______ the rate of tax increases with rise in tax payer's income.
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
Which of the statement is true for income tax?
Define Direct tax
Citing reason state the advantage of a direct tax over an indirect tax.
Explain the term proportional taxation.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
State the four merits of a direct tax.
State the following:
Three demerits of an Indirect tax.
