Following are the statements related to taxation.
(a) Incidence of a tax is felt by a person who pays it.
(b) In case of indirect tax, the incidence and impact are felt by the same person.
(c) Direct taxes have high degree of elasticity.
(d) There is uncertainty related to the collection from indirect tax.
Which of the above statements are true?
1
(a) and (d)
2
(a) and (b)
3
(c) and (d)
4
(a) and (c)