GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is not a direct tax?
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Sales Tax
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Wealth Tax
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Estate Duty
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Income Tax
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Explanation:
Detailed explanation-1: -The correct answer is Sales Tax. Sales tax is an indirect tax.
Detailed explanation-2: -Direct taxes include income taxes, property taxes, and taxes on assets. There are also indirect taxes, such as sales taxes, wherein a tax is levied on the seller but paid by the buyer.
Detailed explanation-3: -Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.
Detailed explanation-4: -∴ Excise duty is not a direct tax.
There is 1 question to complete.