In this answer, I will explain the meaning of direct tax and indirect tax first and then I will also ask this “which of the following is a direct tax” question to check whether or not you understood the difference between direct and indirect tax.
Direct TaxA direct tax is a tax that is directly paid by the taxpayer to the government. These taxes are applied to organizations and individuals directly by the government.
Indirect TaxAn indirect tax is a tax that is applied to the manufacture or the sale of services and goods. These taxes are initially paid to the govt. by an intermediary, who then adds the amount of tax paid to the value of the services/goods and passes on the total amount to the end-user.
Which of the following is not a direct tax?1) Income Tax
2) Property Tax
3) Corporate Tax
4) Sales Tax
Which of the following is a direct tax?1) Excise duty
2) Income tax
3) Sales tax
4) Both (2) and (3)
Answer: Direct Taxes:Corporation Tax, Income tax, Property Tax, Wealth Tax, etc.
Indirect Taxes:Service tax, Sales tax, Excise duty, etc.
Read more:
How to download Property tax receipt online?
How to fill rent receipt for income tax?
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Which of the following is a direct tax?
Akshay
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3 Year
2022-03-21T18:16:40+00:00 2022-03-21T18:45:33+00:00Comment
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