INTRODUCTION TO TAX SYSTEM

Tax is a ______ charge

• Primary

• Secondary

• Compulsory

• Voluntary

____ is the main source of revenue for the Government.

• Salary

• Tax

• Loans

• Grants

The revenue of tax is utilised for ______

• Entertainment

• Music

• Travel

• Social Welfare

Tax confer direct benefit.

• True

• False

Which department of the Government of India collects tax

• Income Tax

• Defence

• Railways

• Finance

Taxes are mainly classified into how many types

• 1

• 2

• 6

• 8

Incidence =

• Tax Burden

• Tax Payer

• Tax Year

• None

When the impact and incidence of tax are on same person is called

• Indirect Tax

• Direct Tax

• Proportional Tax

• None

Taxes on goods and services are mainly ____ taxes.

• Proportional Tax

• Direct Tax

• Indirect Tax

• Regressive Tax

Taxes on income and wealth are generally _____.

• Regressive tax

• Direct Tax

• Indirect Tax

• None