Which of the following belong to the category of direct tax
Direct taxes are levied directly on the income or wealth of the person who bears them, so "Income tax and gift tax" are direct taxes. The "Goods and Services Tax" and…
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Which of the following belong to the category of direct tax
Answer and explanation
Correct answer C
Direct taxes are levied directly on the income or wealth of the person who bears them, so "Income tax and gift tax" are direct taxes. The "Goods and Services Tax" and "Excise duty and customs duty" are indirect taxes levied on goods and services and passed on to the consumer.
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