Railways R.R.C. (Ajmer) Solved Paper Held on 1st Shift 2-11-2014

  • question_answer Which of the following is a Direct Tax?

    A) Excise Duty                   

    B) Sales Tax

    C) Income Tax                  

    D) Production Tax

    Correct Answer: C

    Solution :

    Direct Tax : Income tax, corporation tax, property tax, inheritance (estate) tax and gift tax; Indirect tax : customs duty, central excise duty, service tax, sales tax, value added tax (VAT), securities transaction tax.

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