Which of the following is not a direct tax?
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Customs Duty
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Wealth Tax
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Capital Gains Tax
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Income Tax
A
Correct answer
Explanation
Customs Duty is NOT a direct tax - it is an indirect tax levied on imported and exported goods. Direct taxes (like Income Tax, Wealth Tax, and Capital Gains Tax) are paid directly by individuals or entities to the government. Indirect taxes are collected through intermediaries.