Which one of the following is not an example of Direct Tax :

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(d) Value Added Tax — Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity. Income tax, corporation tax, property tax, wealth tax and capital gain tax are examples of direct tax. Value Added Tax (VAT) is not a direct tax.

Answer

(A) Income Tax

Answer

(B) Wealth Tax

Answer

(C) Capital Gain Tax

Which one of the following is not an example of Direct Tax :

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