Consider the following statements: 1. The point where tax is | Reader IAS : UPSC 2024 Daily Planner

Consider the following statements:
1. The point where tax is being imposed is known as ‘incidence of tax’.
2. The point where tax makes its effect known is known as ‘impact of tax’.

Which of the statements given above is/are correct?
A. 1 Only
B. 2 Only
C. Both 1 and 2
D. Neither 1 nor 2

Only UPSC Level Questions
https://bit.ly/topicwisetests

Ans. D
#Taxation