Advertisements
Advertisements
Question
Give two examples of direct taxes.
Answer in Brief
Solution
Examples of direct tax are as follows:
- Income tax
- Corporate tax
shaalaa.com
Role of State in Economic Development
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
The essential feature of a tax.
The government imposes tax ______.
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 |
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
Match the following:
Column I | Column II | ||
A. | Direct tax | (i) | Tax rate increases with tax base |
B. | Indirect tax | (ii) | Tax rate remains constant |
C. | Proportional tax | (iii) | Imposed on goods and services |
D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Define Indirect tax
What is meant by shifting of tax burden?
Give one example of progressive tax.
Explain the significance of taxes.
Define the following term:
Fiscal deficit