Q. The following is the direct tax among:
Solution:
- A direct tax is a tax that a person or organization pays directly to the entity that imposed it.
- Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual taxpayer directly to the government.
- indirect taxes are transferable taxes where the liability to pay can be shifted to others.
- Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.
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