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Which of the following is an example of direct tax?
VAT
Excise duty
Entertainment tax
Wealth tax
- Option 1: VAT (Value Added Tax)
- An indirect tax.
- Levied on goods and services at each stage of production and distribution.
- Option 2: Excise duty
- Charged on specific goods like alcohol and tobacco when they're produced within a country.
- Option 3: Entertainment tax
- Levied on entertainment-related activities and services.
- Option 4: Wealth tax
- A direct tax.
- Imposed on the value of assets owned, such as property or cash.
By: santosh ProfileResourcesReport error
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