Among the following various types of taxes which one is not a direct tax?

Options :
  1. Wealth Tax
  2. Sales Tax
  3. Income Tax
  4. Estate Duty


Answer and Explanation :-

Answer: Option 2

Explanation:

Direct tax is a tax that is paid directly by an individual or organization to the imposing entity. A taxpayer pays a direct tax to a government for different purposes, including real property tax, personal property tax, income tax or taxes on assets. Direct taxes are different from indirect taxes, where the tax is levied on one entity, such as a seller, and paid by another, such as a sales tax paid by the buyer in a retail setting.

How do you rate this queston?  Very Easy  Easy  Average  Above Average  Tough

Previous Question : The policy of which of the following is usually referred to as 'Monetary Policy'?

Next Question : Which of the following government institutions and organizations in India does Credit Rationing?

Click here for online test on Economy

Responses


 (Getemail alerts when others member replies)







Great experiences are built on a foundation of bad experiences.
-Tim Fargo