What are the types of tax? and explain its.

1.	What are the types of tax? and explain its.
Answer» In modern times taxes are classified into two types. There are: Direct Tax: 1. A Direct tax is the tax whose burden is directly borne’ by the person on whom it is imposed, (i.e), its burden cannot be shifted to others. Indirect Tax: 1. When liability to pay a tax is on one person and the burden of that tax shifts on some other person, this type of tax is called an indirect tax.

Answer»

In modern times taxes are classified into two types. There are:

Direct Tax:

1. A Direct tax is the tax whose burden is directly borne’ by the person on whom it is imposed, (i.e), its burden cannot be shifted to others.

Indirect Tax:

1. When liability to pay a tax is on one person and the burden of that tax shifts on some other person, this type of tax is called an indirect tax.

Discussion