Direct taxes in India

Q.  Which of the following are types of direct taxes in India?

1) Corporation tax
2) Gift tax
3) Income Tax
- Published on 16 May 16

a. 2, 3
b. 1, 3
c. 3
d. All of the above

ANSWER: All of the above
 
  • Direct taxes are those which are paid directly to the government by the taxpayer. These taxes are not paid deducted and paid on behalf of the taxpayer. It’s imposed on the people and organizations directly by the government. This tax liability has to be paid by the taxpayer in question and cannot be transferred to any other entity for payment.
  • Direct taxes in India - Income tax, Wealth tax, Corporation tax, Capital Gains Tax, Expenditure Tax, Interest tax, etc.

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