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
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.
Answer (1)
26th Jan, 2024
Correct Answer:
Both are true .
Solution :
Capital gain tax is a direct tax. Its impact on incidents lie on the same person.
Indirect taxes are generally proportional in nature, whosoever buy it will pay it.
Hence option A is correct.
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