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. Option 1: Both are true Option 2: Both are false Option 3: Statement 1 is true and stat ...

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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.

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 18th Jan, 2024

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Answer (1)

Team Careers360 25th Jan, 2024

Correct Answer: Both are true

Solution : Tax is unilateral in nature. Tax receptor spent by the government for common benefit of the people. Tax is a compulsory payment and nobody can refuse to pay it.
Hence option A is correct .

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