Question

merit and demerits of security tax​

Answer 1

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Merits and demerits of direct tax: Direct taxes are levied on a person's or a firm's income or wealth and indirect taxes on spending on goods and services. Direct taxes cannot be legally evaded but in direct taxes can be avoided because people can reduce their purchases of the taxed goods and services.

Answer 2

Answer:

Merits and demerits of direct tax: Direct taxes are levied on a person's or a firm's income or wealth and indirect taxes on spending on goods and services. Direct taxes cannot be legally evaded but in direct taxes can be avoided because people can reduce their purchases of the taxed goods and services.