Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the difference between direct tax and indirect tax

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

VAT & CST Payment and Returns due dates in Uttarakhand????

1678


What stops countries from invading each other on a daily basis?

1239


Is sales Tax Applicable in companies under SEZ organisation (Special Economic Zone)What is it Rate. What is Form -I For SEZ Companies

2357


If A gave B £100 thinking it was a loan and B accepted the money thinking it was a gift, should he give it back?

1188


What are the pros & cons about juries?

1230


I paid some amount wronly into tds 94C a/c instead of 94J, how transfer of paymet of 94c to 94J.

2713


Hello this topic is on: Trademark(passing) 1) What is the sigificance of deception in misrepresentation under passing off? 2) What is the concept of 'moron in a hurry'? 3) What does damage to goodwill means? Thanks:)

2087


Can any one tell me if wife apply u visa what about her husband H1 visa

2218


who is the first law officer of government of india ?

2076


Define a miracle.

1107


AMONG THE TAX REVENUES OF THE UNION OF INDIA ,THE MOST IMPORATANT SOURCE IS A.INCOME TAX. B. CUSTOMS DUTY C. CORPORATION TAX D. UNION EXCISE DUTY

2126


all subject of 3rd sem llb

2319


i am married to usa green card holder and now i want to go to usa on the student visa, will i have to face any problem if i get the visa and then i go to usa at the time of filing me on the immigrant visa status.

2191


Where does the state have the right to violate privacy?

1261


Hi to all, i worked in TCS ( Bpo ) for 6 months & i left TCS because of my health issues and one main reason was my senior was not good, i always found myself tortured, no doubt that envoirnment of TCS is really very good, and obviously there are lots of benefits for their employees, even i spoke to my process head, my process manager, even with the process HR , i discussed on the problem i am facing and requested them to move me into other process but there is one policy is till the time i will not complete 18 months in the same process they are unable to move me into other process, and i left TCS within 6 months , i informed my seniors , HR that i am not well wont be able to continue and i need some rest, and it was BPO , i was really very disturbed putting headphones whole day , it was quite frustrating , after 1 month i had started receiving letters from tcs that i am absent from my duties and i haven't informed anyone, then i again spoke to my HR and my senior that i am no well and also shared medical certificate , but that time my HR was on 15-20 days leave, and he couldn't check my mail. after some time i have started receiving reminders that i have to report within 24 hours else they will take strict action against me, i was really very depressed because one side i was not able to continue in same process and i was getting mails on mails that i have to report and i need to continue, i was not willing to TCS, my HR was on leave, i was not aware whether he is in office or not, when i received final letter then the very same day i contacted my collegue and he told me that HR is on leave, then i forwarded the same mail with my medical to Head office ( Mumbai ), where from i was getting mails, and i got contact no of 1 HR then she said today you are responding because today u got final letter , and before that there was no information about you. then i got absconded, & i received too much letters that i am absconded and i have to pay 20k, now i am willing to join TCS , not in same process , and i am also working as a HR ,in a small firm, now pls help me and suggest me that can i join TCS again if i will clear that outstanding or is there any chance to join tcs,

1599