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Revenue Budget

Which one of ...

Question

Which one of the following is an indirect tax?

A

Income tax

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B

Wealth tax

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C

Excise duty

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D

Corporation tax

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Solution

The correct option is B Excise duty

Excise tax is an inland tax on the sale, or production for sale, of specific goods. Excises are distinguished from customs duties, which are taxes on imports.

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Similar questions

Q. Q. Which of the following pairs is/are correctly matched?

List A	List B
1. Direct Tax	Securities transaction Tax
2. Indirect Tax	Customs Duty
3. Ad Valorem	Property Tax
4. Specific Tax	Excise duty on Petrol

Select the correct answer using the codes given below:

Q. Which of the following is an Indirect tax?

Q. On which of the following is indirect tax levied?

Q. State whether each of the following is a direct or an indirect tax.

(ii) Excise tax

(iii) Sales tax

(iv) Income tax

Q. is an indirect tax.

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