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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


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 5th Jan, 2024

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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