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 ...

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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.

Team Careers360 25th Jan, 2024

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Answer (1)

Team Careers360 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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