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Question : Which one of the following is a direct tax?

Option 1: Sales tax

Option 2: Excise Duty

Option 3: Wealth tax

Option 4: Entertainment tax


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Wealth tax


Solution : The correct answer is a Wealth tax .

Wealth tax is a type of direct tax. Indirect taxes include sales tax, excise tax, and entertainment tax. Direct taxes are levied on the earnings or assets of people and corporations. Indirect taxes are charged on both commodities and services. Wealth tax is a direct tax since it is levied on people's and corporations' assets.

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