Which of the following is an indirect tax ?1. Corporation tax2. Excise

1.	Which of the following is an indirect tax ?1. Corporation tax2. Excise tax3. Wealth tax4. Capital Gains tax
Answer» Correct Answer - Option 2 : Excise tax The correct answer is an Excise tax. Tax can be divided into two categories. First is Direct Tax such as Income tax, wealth tax, and corporation tax. The second is Indirect Tax such as Sales tax, Excise duty, and customs duty. Indirect tax means that tax that reaches the government indirectly. Such tax is completely opposite to direct tax. The tax levied by the state on consumption, import, export, and production, etc. is an indirect tax. Excise Duty is a type of Indirect Tax which is imposed on all production or manufacturing of goods. The Appointments Committee of the Cabinet (ACC) has appointed Shri J B Mohapatra as Chairman, Central Board of Direct Taxes (CBDT).

Which of the following is an indirect tax ?1. Corporation tax2. Excise tax3. Wealth tax4. Capital Gains tax

Answer» Correct Answer - Option 2 : Excise tax

The correct answer is an Excise tax.

Tax can be divided into two categories.

First is Direct Tax such as Income tax, wealth tax, and corporation tax.
The second is Indirect Tax such as Sales tax, Excise duty, and customs duty.
Indirect tax means that tax that reaches the government indirectly.
Such tax is completely opposite to direct tax.
The tax levied by the state on consumption, import, export, and production, etc. is an indirect tax.
Excise Duty is a type of Indirect Tax which is imposed on all production or manufacturing of goods.

The Appointments Committee of the Cabinet (ACC) has appointed Shri J B Mohapatra as Chairman, Central Board of Direct Taxes (CBDT).

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Which of the following is an indirect tax ?1. Corporation tax2. Excise tax3. Wealth tax4. Capital Gains tax

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