-
Direct tax and indirect tax?
Direct taxes are the taxes for which the liability and the incidence of tax lies on the same person,whereas ,in case of indirect taxes, the liability and the incidence of the tax lies on different...
-
Is income tax a direct tax?
Yes. Income tax is a direct tax. Individuals and businesses pay direct taxes to the government on a regular basis and it is calculated on all sources of income accrued by the business or individual.
-
Is Service Tax direct tax?
no service tax is not a direct tax. b'coz direct tax is directly imposed on person and it can't be transfered on the other person. Service tax is levied on service provided and it is levied and...
-
Is tobacco tax a progressive tax?
No; a cigarette tax is regressive tax because spending on cigarettes takes a percentage of money out of the total the consumer pays.
-
Are Excise Tax is regressive tax or progressive tax?
Excise taxes are regressive taxes. Say a rich person and a poor person buy the same amount of cigarettes and pay the same cost (the excise tax does not change with income level). The tax assesed on...