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Question
This is an example for direct taxation ________________.
This is an example for direct taxation ________________.
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Solution
The correct option is B Wealth-Profits
A government levy on the income, property, or wealth of people or companies. A direct tax is borne entirely by the entity that pays it, and cannot be passed on to another entity. The rest all are indirect taxes.
A government levy on the income, property, or wealth of people or companies. A direct tax is borne entirely by the entity that pays it, and cannot be passed on to another entity. The rest all are indirect taxes.
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