Consider the following:

In Direct Tax, both the impact and incidence fall on the same person.

CBDT under the Ministry of Finance manages Direct Taxes in India.

Examples of Direct Taxes include Alternate Minimum Tax (AMT) and Equalization Levy (Google Tax/GAFA Tax).

Which of the above is/are correct?

Question

A Direct Tax is a tax directly borne by the individual or entity on whom it is imposed, with both the impact and incidence falling on the same person. Unlike indirect taxes, its burden cannot be shifted to others.
In India, Direct Taxes are managed by the Central Board of Direct Taxes (CBDT), part of the Department of Revenue under the Ministry of Finance.
Prominent examples of Direct Taxes in India include: Income Tax (IT), Corporate Tax, Minimum Alternate Tax (MAT), Alternate Minimum Tax (AMT), Capital Gains Tax (CGT), Securities Transaction Tax (STT), Dividend Distribution Tax (DDT), Wealth Tax, Banking Cash Transaction Tax (BCTT), Digital Tax (Google Tax, GAFA Tax, or Equalization Levy)

GKToday Admin · Accepted Answer

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A Direct Tax is a tax directly borne by the individual or entity on whom it is imposed, with both the impact and incidence falling on the same person. Unlike indirect taxes, its burden cannot be shifted to others.
In India, Direct Taxes are managed by the Central Board of Direct Taxes (CBDT), part of the Department of Revenue under the Ministry of Finance.
Prominent examples of Direct Taxes in India include: Income Tax (IT), Corporate Tax, Minimum Alternate Tax (MAT), Alternate Minimum Tax (AMT), Capital Gains Tax (CGT), Securities Transaction Tax (STT), Dividend Distribution Tax (DDT), Wealth Tax, Banking Cash Transaction Tax (BCTT), Digital Tax (Google Tax, GAFA Tax, or Equalization Levy)

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