which of the following is not a direct tax?

which of the following is not a direct tax? ?

Created: 1 week ago | Updated: 1 week ago | Created By:

Imran Ahmed

Income Tax

Value Added Tax

Wealth

Gift Tax

0 1

Best Answer Explained in Below-:

A value - added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed. What Is a Consumption Tax? A consumption tax is a tax on the purchase of a good or service. Consumption taxes can take the form of sales taxes, tariffs, excise, and other taxes on consumed goods and services.

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which of the following is not a direct tax? ?

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