Mention two merits of direct tax.
Answers
Answered by
2
1) Direct taxes are also used to control the consumption and demand of a products. eg:- raising tax on Tobacco (cigarette)
2) Direct tax will help in stabilizing the inflation rate.eg:- gold import taximport by increasing the tax government will reduce trade deficits.
2) Direct tax will help in stabilizing the inflation rate.eg:- gold import taximport by increasing the tax government will reduce trade deficits.
Similar questions