Question :
Which of the following statements are true?

Statemen 1- The impact and incidence of indirect tax falls on the same person.

Statemen 2- The actual burden refers to as the incidence of tax.

Option 1: Both are true

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 2 is true and statement 1 is false.

Question

Question :

Which of the following statements are true?

Statemen 1- The impact and incidence of indirect tax falls on the same person.

Statemen 2- The actual burden refers to as the incidence of tax.

Option 1: Both are true

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 2 is true and statement 1 is false.

Team Careers360 · Accepted Answer

Correct Answer: Statement 2 is true and statement 1 is false.

Solution : The impact and incidence of direct tax falls on the same person.
The actual burden refers to as the incidence of tax.
Hence option D is correct .

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Related Questions

Question : Which of the following statements are true? Statement 1- The monitory burden of indirect taxes born by those whom they are levied. Statemen 2- The liability to pay is refers to as the incidence of tax.

Question : Which of the following statements are true? Statement 1- The impact and incidence of indirect tax falls on the different person. Statement 2- Indirect taxes are compulsory payment.

Question : Which of the following statements are true? Statement 1- Capital gain tax is a direct tax. Statement 2- Indirect taxes are generally proportional in nature

Question : Which of the following statements are true? Statement 1- There is no indirect tax on khadi items. Statement 2- Direct taxes do not reach all the sections of the economy.

Question : Which of the following statements are true? Statement 1- Tax is unilateral in nature. Statement 2- Tax is a compulsory payment and nobody can refuse to pay it.

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question :
Which of the following statements are true?

Statement 1- The monitory burden of indirect taxes born by those whom they are levied.

Statemen 2- The liability to pay is refers to as the incidence of tax.

Question :
Which of the following statements are true?

Statement 1- The impact and incidence of indirect tax falls on the different person.

Statement 2- Indirect taxes are compulsory payment.

Question :
Which of the following statements are true?

Statement 1- Capital gain tax is a direct tax.

Statement 2- Indirect taxes are generally proportional in nature

Question :
Which of the following statements are true?

Statement 1- There is no indirect tax on khadi items.

Statement 2- Direct taxes do not reach all the sections of the economy.

Question :
Which of the following statements are true?

Statement 1- Tax is unilateral in nature.

Statement 2- Tax is a compulsory payment and nobody can refuse to pay it.