Question : Which of the following statements are true? Statement 1- The impact and incidence of indirect tax falls on the different person. Statement 2- Indirect taxes are compulsory payment. Option 1: Both are true Option 2: Both are false Option 3: S ...

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Question :
Which of the following statements are true?

Statement 1- The impact and incidence of indirect tax falls on the different person.

Statement 2- Indirect taxes are compulsory payment.

Option 1: Both are true

Option 2: Both are false

Option 3: Statement 1 is true and statement 2 is false.

Option 4: Statement 2 is true and statement 1 is false.

Team Careers360 13th Jan, 2024

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Answer (1)

Team Careers360 23rd Jan, 2024

Correct Answer: Both are true

Solution : The impact and incidence of indirect tax falls on the different person.
Indirect taxes are compulsory payment. They can be avoided by not entering into such transactions which calls for such taxes
Hence option A is correct.

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