Advertisements
Advertisements
Question
Define a ‘Direct tax’.
Solution
Direct Tax refers to the tax that is directly borne by the person on whom it is imposed. The burden of a direct tax cannot be shifted on to other person. For example, income tax, wealth tax, etc. are direct taxes as these taxes are paid and borne by the same person on whom they are levied.
APPEARS IN
RELATED QUESTIONS
Give two examples of indirect taxes.
Explain the basis of classifying taxes into the direct and indirect tax. Give examples.
The non-tax revenue in the following is: (choose the correct alternative)
a. Export duty
b. Import duty
c. Dividends
d. Excise
What do you mean by a direct tax?
What do you mean by an indirect tax?
Which one of the following is a combination of direct taxes?
Which of the following is an indirect tax?
Give one difference between a Direct tax and an Indirect tax.
A compulsory payment by the citizens of the country to the government without any expectation of corresponding benefits for such payments. This defines ______
State two merits of direct taxes.
State the categories of G.S.T.
With suitable examples, distinguish between Direct taxes and Indirect taxes.
How are direct taxes different from indirect taxes? (Any three points)
Name any two direct taxes.
Give one measure to overcome a deflationary gap.
