wiz-icon
MyQuestionIcon
MyQuestionIcon
4
You visited us 4 times! Enjoying our articles? Unlock Full Access!
Question

Very short answer type question:
Define 'direct tax'.

Open in App
Solution

Direct tax refers to the tax that is imposed on the property and income of persons and is paid directly by the consumers to the government. A direct tax cannot be shifted to another individual or entity. The individual or organization upon which the tax is levied is responsible for the fulfilment of the tax payment.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Tax System in India
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon