Multiple Choice Questions on Which of the following are indirect taxes of India 1 Real property tax 2 Cigarette tax 3 Fuel tax 4 ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following are indirect taxes of India 1 Real property tax 2 Cigarette tax 3 Fuel tax 4 ...........

Economic Affairs Tax System
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    Which of the following are indirect taxes of India?
    1) Real property tax
    2) Cigarette tax
    3) Fuel tax
    4) Import duties
    Select the correct code
     

    1, 2 and 3

    Incorrect Answer

    2, 3 and 4

    Correct Answer

    1, 3 and 4

    Incorrect Answer

    2 and 3

    Incorrect Answer
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    Explanation:
    Import duties, fuel, liquor and cigarette taxes are all considered examples of indirect taxes.
    An indirect tax is a tax that is paid to the government by one entity in the supply chain, but it is passed on to the consumer as part of the price of a good or service. 
     

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