Economics · Tax System
Taxes are primarily classified into which two categories based on their nature and incidence of assessment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Specific Taxes and Ad Valorem Taxes
- 2Proportional Taxes and Progressive Taxes
- 3Direct Taxes and Indirect Taxes✓
- 4Central Taxes and State Taxes
Correct answer
Direct Taxes and Indirect Taxes
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