Question

Taxes levied on personal income, profits of the corporate, wealth and property is termed as ________ tax.

• A. indirect
• B. service tax
• C. direct
• D. none of the above

Answer 1

The correct option is C direct

Direct tax are the tax where the final burden of the tax is borne by the person on whom it is imposed. These taxes are directly paid by the person on whom it is imposed to the government. For example- income tax, corporate tax etc.