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Questions
What is meant by shifting of tax burden?
Explain the term Shifting of a tax.
Solution
Shifting of the tax burden is the process by which the person or business legally responsible for paying a tax transfers that burden to another party. This happens when the taxpayer's tax responsibility is passed to someone else, usually through changes in prices or costs.
RELATED QUESTIONS
______ are those taxes which are paid by the same person on whom they have been imposed.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
The major objective of monetary policy is ______.
Which of the statement is true for income tax?
Define fiscal policy.
Citing reason state the advantage of a direct tax over an indirect tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
What is meant by regressive taxation?
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Define a tax.
