19 vote
Which of the following is an example of direct tax in India?
Which of the following is an example of direct tax in India?
1). Entertainment tax
2). Stamp & Registration fees
3). Sales tax
4). Expenditure tax
1 answers
27 vote
| 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 |
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