Which of the following are categories into which taxes are categorised?

Direct taxes

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Goods and services taxes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Indirect taxes

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Sales taxes

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Indirect taxes
A government uses the money collected from taxes to meet the expenditure for welfare and developmental activities. They are broadly classified into two categories, direct and indirect taxes. The classification is based on the transfer of tax burden.

Suggest Corrections

Similar questions

Based on which of the following criteria, plant tissues are categorised into meristematic and permanent?

Join BYJU'S Learning Program