what is Direct and Indirect Tax? can any body tell me with
example.
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Answer / manoj bassi
Direct Taxes are those which are lieved by Govt. directly
such as, Income tax, Wealth Tax, Gift tax.
Indirect taxes are those which are inclusive of all the
taxes such as- Sales tax, VAT, Excise Duty, Custom duty
| Is This Answer Correct ? | 40 Yes | 3 No |
Answer / satyaki_raju@yahoo.com
Direct tax is the Tax levied by the GOvt on the people and
their organisations.Indirect taxes are collected from the
people thru levying of taxes on the consumables
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / harendra pal
direct tax - direct tax paid the goverment direcitly just
like income tax.
indirect tax -indirect tax paid the goverment indirectly
just like vat,service tax,cst, exices.
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / jamil
direct tax is a tax which is paid to the government
directly . the best example i should give is the income
which w earned like salary and wealth tax and property tax
etc
the indirect tax is a trax which is paid indirectly to
the government which is custom duties excise duty and vat
and sales tax
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / sohan singh
Direct tax is the Tax levied by the GOvt on the people and
their organisations.Indirect taxes are collected from the
people thru levying of taxes on the consumables
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / varsha racichandran
The primary difference between Direct Taxes and Indirect
taxes is that,
> The tax is levied directly on the tax payer, i.e, the
Govenment levies and collects from such tax payer.
Eg: income tax, etc.
> In case of Indirect Taxes, The tax is collected by an
intermediary from the customer and eventually passes the
same to the Govt.
Eg: VAT, service Tax, etc.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pankaj kumar sharma
Direct Tax is the tax lived directly to Govt. and directly paid to Govt... Like Income Tax.
Indirect Tax:- The Tax is collected by user and eventually paid to same Govt. by Saller.....Like Sale Tax, Service Tax, CST, Exicse, Custom Duty....etc.
| Is This Answer Correct ? | 0 Yes | 1 No |
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0 Answers ABB, Chartered Accountant,
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