Advertisements
Advertisements
Questions
Define Indirect tax
What are indirect taxes?
What is meant by an indirect tax?
Solution
An indirect tax is the tax which is initially borne by one individual but the burden of which is passed over to some other individuals who ultimately bear it.
APPEARS IN
RELATED QUESTIONS
The essential feature of a tax.
Under ______ the rate of tax increases with rise in tax payer's income.
Fiscal policy means public expenditure and tax policy of the government.
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 |
Wealth tax is an example of:
Match the following:
Column I | Column II | ||
A. | Impact of tax | (i) | Price stability |
B. | Incidence of tax | (ii) | Simple to calculate |
C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
D. | Proportional tax | (iv) | Original imposition of tax |
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.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Citing reason state the advantage of a direct tax over an indirect tax.
Explain clearly tour ways by which the state can promote economic growth and development.