UPSC Principle and Vice Principle GK/GS Banking, Finance, and Fiscal Policy Part - 2

Which of the following correctly refers to Direct taxes are imposed directly on?

Type: MCQ • Marks: 1

A. Transport only

B. Income or wealth of persons/entities

C. Imports only

D. Goods at retail counters only

Explanation

Income tax and certain corporate taxes are examples of direct taxes.

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UPSC Principal & Vice Principal GK/GS

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