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What is net indirect tax ?...

What is net indirect tax ?

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What is tax ?

From the following data, calculate "groos value added at factor cost." (i) Net indirect tax 20 (ii) Purchase of intermediate products 120 (iii) Purchase of machines 300 (iv) Sales 250 (V) Consumption of fixed capital 20 (vi) Change in stock 30

Knowledge Check

  • Which of the following is not an indirect tax ?

    A
    Sales tax
    B
    Corporate tax
    C
    Value added tax
    D
    Excise duty

  • Which of the following is an indirect tax ?

    A
    Corporation tax
    B
    Personal income tax
    C
    GST
    D
    None of the above

  • Which two of the following taxes are indirect taxes ?

    A
    Sales tax and Income tax
    B
    Income tax and Wealth tax
    C
    Sales tax and Excise tax
    D
    Income tax and Excise tax

    • Similar Questions

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    What is the basic difference between direct and indirect tax ?

    Are the following a part of a country's net domestic product at market parice ? Explain. (i) Net indirect taxes (ii) Net exports (iii) Net factor income from abroad (iv) Consumption of fixed capital.

    Calculate the gross national product at factor cost the following data: (i) Net domestic fixed capital formation 350 (ii) Closing stock 100 (iii) Government final consumption expenditure 200 (iv) Net indirect tax 50 (v) Opening stock 60 (vi) Consumption of fixed capital 50 (vii) Net exports (-)10 (viii) Private final consumption expenditure 1500 (ix) Imports 20 (x) Net factor income from abroad (-)10.

    Calculate national income from the following data: (i) Rent 80 (ii) Interest 100 (iii) Profits 210 (iv) Tax on profits 30 (v) Exployees contribution to social security schemes 25 (vi) Mixed income of self-employed 250 (vii) Net indirect tax 60 (viii) Employer's contributions to social secruity schemes 50 (ix) compensation of employees 500 (x) Net factor income from abroad (-)20

    Consider the following taxes : 1. Corporation tax 2. Custom duty 3. Wealth tax 4. Excise duty Which of these is/are indirect taxes ?

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