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

E-Waste and Circular Economy

Revision Notes

Fisheries Sector and Blue Revolution

Revision Notes

Renewable Energy and Green Transition

Revision Notes

Climate Change: Challenges and Strategies

Revision Notes

Digital Lending and Fintech Regulation

Revision Notes

Budget Process and Key Terminology

Revision Notes

Micro, Small and Medium Enterprises (MSMEs)

Revision Notes

Balance of Payments and Exchange Rate

Revision Notes

Privatization and Disinvestment in India

Revision Notes

Shadow Banking and NBFC Sector

Revision Notes