SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a direct tax?
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Corporation tax
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Custom duty
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Excise duty
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Service tax
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Explanation:
Detailed explanation-1: -Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.
Detailed explanation-2: -Hence, income tax is a direct tax because it is imposed on the individual.
Detailed explanation-3: -Key examples of direct taxes are Income tax, Wealth tax and Corporation tax.
Detailed explanation-4: -Direct taxes are one type of taxes an individual pays that are paid straight or directly to the government, such as income tax, poll tax, land tax, and personal property tax.
There is 1 question to complete.