Which of the following statement is correct?
I. Securities transaction tax is a type of direct tax.
II. Value-added tax is a type of indirect tax.
1
Both I and II
2
Only II
3
Neither I nor II
4
Only I
5
Not Attempted
Which of the following statement is correct?
I. Securities transaction tax is a type of direct tax.
II. Value-added tax is a type of indirect tax.