_________ is an example of direct tax. (Excise duty / Wealth tax / Sales tax / Gifts), Fill in the blank with appropriate alternative given in the bracket.
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sales tax , absolutely.
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Answer:
Wealth tax
Explanation:
As per question
Direct taxes are those taxes which are borne by the person on whom they are imposed. Since a wealth tax is directly imposed on the wealth of an individual, and the burden of this tax cannot be shifted to other, it is an example of direct tax.
When Government revenue exceeds, government expenditure it is known as surplus budget.
Direct tax is an example Wealth tax
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