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Question : 33 of 100
Marks:
+1,
-0
Solution:
The correct answer is option 1 i.e.,
Customs duty - Customs duty is not a Direct tax.
- Indirect taxes are those paid by consumers when they buy goods and services.
- Customs duty is the charge levied when goods are imported into the country and paid by the importer or exporter.
- Direct Taxes are the taxes that are levied on the income of individuals or organizations. Example - Income tax, corporate tax.
- A corporate tax is a levy placed on a firm's profit by the government.
- A gift tax is a tax on money or property that one living person gives to another
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