Advertisements
Advertisements
Question
Identify the merit of direct tax from the following:
Options
Tax evasion
Greater cost of collection
Ensuring equity
Inconvenient
Solution
Ensuring equity
Explanation:
The progressive nature of direct tax is a significant advantage. Because of its progressive nature, it is sometimes viewed as encouraging equity and social justice by putting a heavier burden on those who can pay it more easily while providing relief to those with lesser earnings.
APPEARS IN
RELATED QUESTIONS
______ is paid to the Government by the recipient of gift depending on value of gift.
The act of GST was passed in the parliament on 29th March ______.
What is the aim motto of goods and services tax?
Taxation follows the principle of ______.
As per the Interim budget for the financial year 2019 – 20, State the areas from where money/rupee is earned and spent by the Government of India (GOI).
______ constituted under the Central Board of Revenue Act, 1963.
Give an account of Tool tax and Road Tax.
______ is imposed on the property of individuals depending upon the value of the property.
What type of tax is the Goods and Services Tax?
- What type of tax is this?
- When do we pay this tax?
