12th Class Economics Solved Paper - Economics 2017 Delhi Set-I

  • question_answer
    Explain the basis of classifying taxes into direct and indirect tax. Give examples.


    Direct Taxes are those taxes that are imposed on property and income of individuals and companies and are paid directly by them to govt.
                For Eg. Income Tax, Corporate tax, etc.
                Indirect Taxes are those taxes that affect the income and property of individuals and companies through their consumption.
                For Eg. Sales Tax, Service Tax.

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