_________ is an example of direct tax.

Excise duty

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Wealth tax

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Sales tax

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Gifts

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Solution

The correct option is D Wealth tax
Wealth tax is an example of direct tax since the burden of tax cannot be transferred to different person. Wealth tax refers to the tax levied on personal capital.

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_________ is an example of direct tax.

The correct option is D Wealth taxWealth tax is an example of direct tax since the burden of tax cannot be transferred to different person. Wealth tax refers to the tax levied on personal capital.

The correct option is D Wealth tax
Wealth tax is an example of direct tax since the burden of tax cannot be transferred to different person. Wealth tax refers to the tax levied on personal capital.