Question :
Which of the following statements are true?

Statement 1- There is no indirect tax on khadi items.

Statement 2- Direct taxes do not reach all the sections of the economy.

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.

Question

Question :

Which of the following statements are true?

Statement 1- There is no indirect tax on khadi items.

Statement 2- Direct taxes do not reach all the sections of the economy.

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 · Accepted Answer

Correct Answer: Both are true

Solution : There is no indirect tax on khadi items.
Direct taxes do not reach all the sections of the economy. All those people who do not have a minimum income or excluded from tax slabs.
Hence option A is correct.

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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

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.

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.

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.

Question :
Which of the following statements are true?

Statemen 1- The impact and incidence of indirect tax falls on the same person.

Statemen 2- The actual burden refers to as the incidence of tax.