MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What are three types of taxes we pay?
A
Income
B
Sales
C
Property
D
All of the Above
Explanation: 

Detailed explanation-1: -You pay some of them directly, like the cringed income tax, corporate tax, wealth tax, etc., while you pay some of the taxes indirectly, like sales tax, service tax, value added tax, etc.

Detailed explanation-2: -Tax on cattle. Tax on houses. Tax on sales of grains.

Detailed explanation-3: -The direct tax includes income tax, gift tax, capital gain tax, etc while indirect tax includes value-added tax, service tax, goods and services tax, customs duty, etc. The Central Government of India imposes taxes such as customs duty, central excise duty, income tax, and service tax.

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