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.
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)
23rd Jan, 2024
Correct Answer:
Both are true
Solution :
The impact and incidence of indirect tax falls on the different person.
Indirect taxes are compulsory payment. They can be avoided by not entering into such transactions which calls for such taxes
Hence option A is correct.
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