Question

Name some of the taxes collected today question of 7th standard​

Answer 1

• Different types of taxes. India has two types of taxes, namely Direct Tax and Indirect Tax.
• Direct Tax. Direct Taxes comprise taxes that you pay directly to the government.
• Income Tax. Income Tax came into force with the Income Tax Act of 1961.
• Gift Tax.
• Wealth Tax.
• Capital Gains Tax.
• Securities Transaction Tax.
• Corporate Tax.

Answer 2

Explanation:

• Income Tax.
• Wealth Tax.
• Property Tax/Capital Gains Tax.
• Gift Tax/ Inheritance or Estate Tax.
• Corporate Tax.
• Service Tax.
• Custom Duty.
• Excise Duty.