Question : Which of the following is an example of a direct tax?
Option 1: Sales tax
Option 2: Corporate tax
Option 3: Excise tax
Option 4: All of the above
Correct Answer: Corporate tax
Solution : The correct answer is (b) Corporate tax
Corporate tax is a tax imposed on the profits earned by corporations or businesses. It is a direct tax because it is levied directly on the entity generating the income, which is the corporation or business itself.
Question : Which of the following is an example of an indirect tax?
Question : Which one of the following is a direct tax?
Question : Which of the following is an indirect tax?
Question : Which of the following is an example of a non-tax revenue for a government?
Question : Which of the following sets of taxes belongs to the Central Government?
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