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Which of the statement is true for income tax?
Economic Applications
The State and Economic Development
Question
Updated
19 Aug 2026
Which of the statement is true for income tax?
A
Choose Your Answer
A
It is regressive by nature.
B
It is an example of indirect tax.
C
Impact and incidence of the tax lies on the same person.
D
Impact and incidence of the tax lies on the different persons.
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