The correct option is D
I, III &V only
I. Income Tax :
Income Tax is a tax you pay directly to the government basis your income or profit.
II. Goods & Service Tax :
GST is known as the Goods and Services Tax. It is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017 and came into effect on 1st July 2017.
III. Gift Tax :
A gift tax is a federal tax applied to an individual giving anything of value to another person. For something to be considered a gift, the receiving party cannot pay the giver full value for the gift, though they may pay an amount less than its full value.
IV. Customs Duty :
Customs duty is a form of indirect tax which is imposed at the time of both import and export of goods and services.
V. Wealth Tax :
It is a Direct Tax. The Wealth Tax is taxation related to the net wealth of an individual or a company.
Wealth tax is imposed on the richer section of the society. The intention of doing so is to bring parity among-st the taxpayers.
∴ I,II& V are direct taxes.