Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Define a tax.
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Answer
A tax is a legally compulsory payment imposed by the government on income and profit of persons and companies without reference to any benefit.Tax is of two types Direct tax and Indirect tax.
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