Which of the Following is a Direct Tax? - Current Affairs Including General Knowledge

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MCQ

Which of the following is a Direct Tax?

Options

  • Excise duty

  • Sales tax

  • Income tax

  • None of the above

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Solution

Income tax

Explanation: Direct taxes are those which are paid directly to the government by the taxpayer. These taxes are not paid deducted and paid on behalf of the taxpayer. Key examples of direct taxes are Income tax, Wealth tax, and Corporation tax.

Concept: Economic Current Affair (Entrance Exam)
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2014-2015 (May) Set 1

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