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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