WBCS.LIVE practice question

Which of the following is a direct tax in

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. GST
  2. Customs Duty
  3. Excise Duty
  4. Wealth Tax

Correct answer and explanation

Correct answer: Wealth Tax

Explanation: āœ… Correct Answer: D) Wealth Tax šŸ“š Explanation: A direct tax is one that is paid directly by the individual or organization to the government and cannot be shifted to others. Income Tax, Corporate Tax, and Wealth Tax are examples of direct taxes. Indirect taxes, like GST and Customs Duty, are collected by intermediaries and the burden is eventually passed on to the final consumer.