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    Question

    Which of the following taxes is considered indirect?

    A Income Tax Correct Answer Incorrect Answer
    B Corporate Tax Correct Answer Incorrect Answer
    C Wealth Tax Correct Answer Incorrect Answer
    D GST Correct Answer Incorrect Answer
    E Capital Gains Tax Correct Answer Incorrect Answer

    Solution

    Explanation: Indirect taxes are those where the burden of tax is shifted from the taxpayer to the end consumer. Goods and Services Tax (GST) is a classic example, where the seller collects tax from the buyer and deposits it with the government. In contrast, Income Tax, Corporate Tax, Capital Gains Tax, and Wealth Tax are direct taxes , as the liability cannot be shifted to someone else

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