Multiple Choice Questions on Direct tax is a tax whose ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Direct tax is a tax whose ........

Economics- Phase (I & II) Monetary and Fiscal Policy
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    Direct tax is a tax whose

    The liability to pay and incidence do not lie on the same person

    Correct Answer

    The liability to pay lies on one and incidence lies on the other person

    Incorrect Answer

    The liability to pay and incidence do lie on the same person

    Incorrect Answer

    The liability to pay and incidence do lie on the government

    Incorrect Answer
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    Explanation:

    The liability to pay and incidence do not lie on the same person

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