Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between direct tax and indirect tax
- 2 Answers
- 8861 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / megha rakshe
A direct tax is one paid directly to the government by the
persons (juristic or natural) on whom it is imposed (often
accompanied by a tax return filed by the taxpayer). Examples
include some income taxes, some corporate taxes, and
transfer taxes such as estate (inheritance) tax and gift tax.
An indirect tax (such as sales tax, value added tax (VAT),
or goods and services tax (GST)) is a tax collected by an
intermediary (such as a retail store) from the person who
bears the ultimate economic burden of the tax (such as the
customer)
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / brjsh-9899449348-brjshgupta26@
LEVIED = Direct Tax Levied on persons for Income earned or
for Activities Conducted whereas Indirect Tax Levied on
Products and Services.
INCIDENCE OF BURDEN = Direct Tax borne by the person
himself on whom it is levied whereas borne by the ultimate
Consumer of Product or Services.
COLLECTION OF TAX = In Direct Tax Collection of Tax is
Difficult whereas in In-direct Tax collection of Tax is
easier.
SHIFTING OF BURDEN = In Direct Tax there is no shifting of
burden whereas in In-direct Tax , burden is shifted to
ultimate consumer.
EXAMPLES = Examples of Direct Tax are Income Tax, Wealth
Tax, Professional Tax,House Tax, Water Tax, Electricity Tax
etc.Examples of In-direct Tax are Sales Tax (VAT), Custom
Duty,Services Tax, Excise Duty etc.
| Is This Answer Correct ? | 2 Yes | 5 No |
What effect on the whole of society does someone crashing into a lamppost have? Does a girl scout have a political agenda?
When was the last time you had to work to complete a task against a deadline?
what is the date for filling Quaterly rturn in case it is not submitted upto last date of it.
What are the duties of the position for criminal affairs?
0 Answers BBC, Cyber Policies,
My Gross salary was Rs.14500.00 in the month of Apr-12, And increment due in the month of April But somehow increment delays from management side and it was released in the month of May-12. Now my revised salary was Rs.17500.00, ESIC contribution deducts on Rs.17500.00 I.e. Rs.307.00 or it will be applicable on statutory salary limit of ESIC Rs.15000.00 I.e. Max ESIC contribution amount of Rs.263.00/Month. Please reply.
1 Answers Baidu, Somany Ceramics,
Name the Types of Guarantee
What is the necessity of consideration?
Hi I am Paranita, I am holding H1B visa from 15-Jan-2012 and valid for next 3 years. I have applied the visa through my a MNC from india and they commited to send me with in few days after visa approved but it is already 6 months still nothing has been materialised and no idea when there will be any USA travel processing. My question, is it advisable to leave the company and change a new one in india, and again whether the visa will valid if i will change the company and in future if i will get any project to work from USA with this visa.
TRANSACTION BETWEEN COUNTRIES(ie purchase from singapre and directly selling to other sitting in india) whether possible?
If you become lawyer then what wil you want changes in constitution?
Hi I am Subhajit. I have joined MNC BPO in august 2020.In the probation I got an medical problem in my family so after 3 days when probation started I have to leave from from the company. I sent a resignation from my registered mailid to my recruiter. After 3 days their team reached out to me kindly inform us why are you absent from the job. I have sent the same resignation with date as attachment. In between somedays they may be contact me via phone but I did not get that calls and when I call back they did not pickup my phone. I have mailed again to the autherity to release me. Today they sent me a termination letter which is written that " Separation due to abondoned from services" . What should I do next?. Is this advarse effect on my carrier in any field? Is am so frastated
What is the difference between company & organisation send the details plz.?
-
Law AllOther (806)
