Join 60,000+ competitive exam aspirants
or with email
Your Cart
SubtotalтВ╣0
TotalтВ╣0
Examoogle тАв User тАв info@examoogle.com тАв EE-2024-8821
Chapter 1 of 12 тАв Page 1 of 248ЁЯФТ Protected PDF тАв Watermarked
Join 60,000+ competitive exam aspirants
Which of the following is a direct tax in India?
GST
Customs Duty
Income Tax
Excise Duty
Income Tax
Income Tax is classified as a direct tax in India because its incidence and impact fall directly on the same entity, meaning the burden cannot be shifted to someone else. It is levied by the Central Government on the income of individuals and corporations.
Income Tax is classified as a direct tax in India because its incidence and impact fall directly on the same entity, meaning the burden cannot be shifted to someone else. It is levied by the Central Government on the income of individuals and corporations.
Under Article 246 of the Constitution of India, taxation powers are distributed between the Union and State lists via the Seventh Schedule, with taxes on income other than agricultural income falling under Entry 82 of the Union List.
Direct taxes are levied directly on income, wealth, or property, and the taxpayer bears the ultimate burden.
Income Tax in India is administered by the Central Board of Direct Taxes (CBDT) under the Department of Revenue.
Unlike direct taxes, indirect taxes are collected by an intermediary from the person who bears the ultimate economic burden.
Option A (GST) is an indirect tax levied on the supply of goods and services across India.
Option B (Customs Duty) is an indirect tax levied on goods imported into India as well as on certain goods exported from India.
Option D (Excise Duty) is an indirect tax levied on the manufacture or production of specific goods within the country.
C is correct тАФ Income tax is a direct tax where the burden of taxation cannot be shifted to another person.
Distinguish carefully between direct and indirect tax categories for Indian economy questions, as exams frequently test examples like corporate tax, wealth tax, GST, and customs duty.
Get instant step-by-step AI explanations, full shift Previous Year Papers (SSC GD, RRB, SSC JE), and regional rank analysis on the official Examoogle App.
Free Download тАв 100K+ Aspirants