Question Details

Detailed explanation and options for the selected question.

Which of the following is a direct tax?

A. Income Tax
B. Goods and Services Tax (GST)
C. Customs Duty
D. Value Added Tax (VAT)

Explanation:

Income Tax is a direct tax because it is levied directly on the income of individuals or corporations. GST, Customs Duty, and VAT are indirect taxes collected through the sale of goods and services.

Related Topics

Women’s Self-Help Groups (SHGs)

Revision Notes

Health Sector: Financing and Delivery

Revision Notes

Infrastructure Financing Mechanisms

Revision Notes

Budget Process and Key Terminology

Revision Notes

Migrants and Economic Development

Revision Notes

Foreign Exchange Reserves and Management

Revision Notes

Make in India 2.0

Revision Notes

Public-Private Partnerships (PPP)

Revision Notes

Crypto Assets and Regulation in India

Revision Notes

Digital Economy and E-Governance

Revision Notes