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Which one of the following is indirect tax ?
Wealth tax
Excise duty
Income tax
None of these
- Wealth Tax:
- A direct tax imposed on the net wealth owned by individuals or corporations.
- No longer levied in some regions.
- Excise Duty:
- Indirect tax on the manufacture or sale of specific goods within a country.
- Paid indirectly by consumers, as producers include it in the product price.
- Income Tax:
- A direct tax on the earnings of individuals or entities.
- Paid directly by individuals or corporations based on their taxable income.
- None of these:
- This option indicates none of the provided options are correct.
By: santosh ProfileResourcesReport error
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