Question : Which of the following is an indirect tax?
Option 1: Capital gains tax
Option 2: Excise duty
Option 3: Wealth tax
Option 4: Estate duty
Correct Answer: Excise duty
Solution : The correct answer is Excise duty .
Excise duty is a type of indirect tax. Direct taxes include Capital gains tax, Wealth tax, and Estate duty. Direct taxes are imposed on the earnings or assets of people and corporations. Indirect taxes are charged on both commodities and services. Excise duty is an indirect tax applied on certain items, such as alcohol and cigarettes.
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Question : Which of the following sets belongs to central tax?
Question : Which of the following taxes is proportional in nature?
Question : The liability to pay the tax and the actual burden of which of the following taxes lie on two different persons?
Question : Among the tax revenues of the Union Government, the most important source is:
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