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Which of the following is an example of direct tax in India?
- AEntertainment tax
- BStamp & Registration fees
- CSales tax
- DExpenditure tax
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Direct tax
When a person bears the burden as well as makes payment to the government
Example of Direct Tax
1.Corporation tax 2. Income tax 3. Interest tax
4. Expenditure tax 5. Wealth tax
Indirect Tax
When a seller collects the tax from the buyer first and then pays the same to the government.
Example of Indirect Tax
1. Customs duties 2. Service tax 3. Sales tax
4. State excise duty 5. Stamp & Registration fees 6.Entertainment tax
When a person bears the burden as well as makes payment to the government
Example of Direct Tax
1.Corporation tax 2. Income tax 3. Interest tax
4. Expenditure tax 5. Wealth tax
Indirect Tax
When a seller collects the tax from the buyer first and then pays the same to the government.
Example of Indirect Tax
1. Customs duties 2. Service tax 3. Sales tax
4. State excise duty 5. Stamp & Registration fees 6.Entertainment tax