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Question
Match the following:
| 1. | Principle of taxation | Direct Tax |
| 2. | Estate tax | Goods and Service Tax |
| 3. | Excise Tax | Adam Smith |
| 4. | 01.07.2017 | Less elastic |
| 5. | Direct Tax | Indirect Tax |
Match the Columns
Solution
| 1. | Principle of taxation | Adam Smith |
| 2. | Estate tax | Direct Tax |
| 3. | Excise Tax | Indirect Tax |
| 4. | 01.07.2017 | Goods and Service Tax |
| 5. | Direct Tax | Less elastic |
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Types of Taxes
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