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Which of the following is considered a source of direct tax revenue for a government?

ASales tax

BProperty tax

CIncome tax.

DTariffs

Answer:

C. Income tax.

Read Explanation:

  • Income tax is a direct tax because the burden cannot be shifted to another person; it is paid directly by the person or entity earning the income.


Related Questions:

Which of the following statements about non-tax revenue is correct?
The funds received by a State Government as a share of Central taxes are classified as:
The money a State Government receives from selling its shares in a public sector enterprise is a:

Which of the following is a form of indirect tax?

i.Income tax

ii.Wealth tax

iii.Corporation tax

iv.Sales tax

Consider the following statements.

1.Professional tax is levied by state government or local municipal bodies and is in addition to the income tax that the central government collects.

2.Article 276 of the constitution empowers the state to levy the tax in respect of profession, trade, calling and employment.

Which of the statement given above is / are correct ?