5. The following is a characteristic of Direct Tax:
(a) Indicence may be shiited b) Imposes more burden on poor
(c) The impact and indicence are on the same person
(d) All of these
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all of these is the answer
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The characteristic of Direct Tax is that the impact and occurrence are on the same person. (Option C)
- A direct tax is a tax that someone or organization can pay immediately to the entity that imposed it.
- A person taxpayer, for example, can pay direct taxes to the authorities for numerous purposes, inclusive of profits tax, actual assets tax, private assets tax, or taxes on assets.
- In a direct tax, the effect and occurrence are levied at the equal person.
- Usually, the greater is the profits, the greater is the direct tax.
- Direct taxes are levied much less on poor people.
- The occurrence of a direct tax can't be shifted.
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