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.
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)
9th Jan, 2024
Correct Answer:
Both are false
Solution :
The monetary burden of direct taxes born by those whom they are levied.
The liability to pay is refers to as the impact of tax.
Hence option B is correct .
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