Question
Which of the following taxes is considered indirect?
Solution
Explanation: Indirect taxes are those where the burden of tax is shifted from the taxpayer to the end consumer. Goods and Services Tax (GST) is a classic example, where the seller collects tax from the buyer and deposits it with the government. In contrast, Income Tax, Corporate Tax, Capital Gains Tax, and Wealth Tax are direct taxes , as the liability cannot be shifted to someone else
The age of a father six years ago was six times the then age of his daughter. Three years hence, the father will be thrice as old as his daughter. What ...
A completes a work in 15 days, B completes the same work in 8 days while B and C jointly complete the same work in 4 days. If A and C jointly complete t...
Which of the following cube in the answer figure CANNOT be made based on the unfolded cube in the question figure?
The speed of a boat in still water is 10 km/hr more than that of the current. The time taken by the boat to cover 575 km downstream is 11.5 hours. Find ...
Read the given statements and conclusions carefully. You have to take the given statements to be true even if they seem to be at variance from commonly ...
Which of the following is an example of a non-monetary item that would not be recorded in the financial statements under the Money Measurement Concept?
Which among the following are the functions of Money?
a) Unit of value
b) Standard for deferred payment
c) Store of value
d) Medium of exchange
In which one of the following places, was Asia's first Export Processing Zone (EPZ) set up in 1965 ?
If the sum of two numbers is cubed and equals 3375, and their product is 150, what is the positive difference between their individual cubes?
A man loses 20% of his money. After spending 25% of the remaining amount, he has ₹480 left. What is the amount of money he originally had?
