Question
_____________ is an example of direct tax.
[Excise duty/ Income tax / Sales tax / Gifts]
Solution
Income tax is an example of direct tax.
Direct taxes are those taxes that are borne by the person on whom it is imposed. The burden of such taxes cannot be shifted on to others. For example, income tax, wealth tax, etc.
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APPEARS IN
Solution _____________ is an Example of Direct Tax Concept: Taxable Income.
