Question
Which of the following is an indirect tax ?
Answer: Option B
Answer: (b)Some examples of indirect taxes include value added tax, excise duty, sales tax, stamp duty and custom duty levied on imports. These are taxes levied by the state on expenditure and consumption, but not on property or income.
Was this answer helpful ?
Answer: (b)Some examples of indirect taxes include value added tax, excise duty, sales tax, stamp duty and custom duty levied on imports. These are taxes levied by the state on expenditure and consumption, but not on property or income.
Was this answer helpful ?
More Questions on This Topic :
Question 1. Which is incorrect about convertibility?
....
Question 8. Disinvestements is....
Question 9. Which one of the following is a direct tax ?....
Latest Videos
Latest Test Papers
Submit Solution