Which of the following is an example for ‘Paper Taxes’ a) Income Tax b) Excise Tax c) Wealth Tax d) Customs Taxes
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Answer:
Income tax ad well as progressive tax
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Income tax is an example of paper taxes
Option a
Explanation:
- The income tax return is filled in a form(s) and filed with the taxing authority. that is why it is referred to as paper taxes. The filing of income tax is a form of report of income, expenses and other important tax information.
- Tax returns allow an individual who is filing the tax to calculate their tax liability, schedule tax payments, or request refunds for the over payment of taxes.
- The tax returns are normally filed in most countries annually for an individual or business with filing an in regards to the wages, interest, dividends, profits or more
To know more about Income tax returns
What is the purpose of filing an income tax return?
https://brainly.in/question/3113786
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