Advertisements
Advertisements
Question
Fill in the blank with appropriate alternatives given below
__________ is an example of direct tax.
Options
Excise duty
Wealth tax
Sales tax
Gifts
Solution
Wealth tax is an example of direct tax.
Explanation:
Direct taxes are those taxes which are borne by the person on whom they are imposed. Since a wealth tax is directly imposed on the wealth of an individual, and the burden of this tax cannot be shifted to other, it is an example of direct tax.
APPEARS IN
RELATED QUESTIONS
Distinguish between the following.
Direct tax and Indirect tax.
State whether the following statement is True or False with reason:
Autonomous consumption expenditure cannot be zero.
Give reasons or explain the following statement:
It is more appropriate to tax the rich in excess than the poor.
State whether the following statement is true or false.
Indirect taxes are paid directly by people to the government.
Give reason of Explain the statement
Income collected from tax is a main source of government revenue.
Distinguish between:
Direct tax and indirect tax
Answer the following question
What are the source of non-tax revenue?
