what is the difference between direct tax and indirect tax
- 2 Answers
- 8031 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is the difference between TDS & Service Tax?
What is the minimum limit to deduct wct or there is no limit.
US officer refused my visa due to 214( b)becouse i submitted for him my son american passport, did you advise me if i have to click yes on DS 156, question no. 37 that my son citizenshipr or no?
Sir, I have applied for the post of Cashier/ Inter-preter/ Inspector in Charity commissioner, Mumbai. I have required the previous year exam question papers or which question are likely to be asked for the such exam.
what is the full meaning & use of assessment?
can a bill discounted be endorsed without acceptance .
Where do you plan to do your legal practice course (and/or gdl)?
What are the rules, restrictions, and procedures for a Probation Officer entering your home?
how to prevent corporate lootings and frauds? is there any mechanism available besides the legislative frameworks stipulated by SEBI OR CL AFFAIRS?
Would it be a good idea for there to be a minimum IQ for jurors in a trial?
WHAT IS VAT & WHO ARE LIABLE TO REGISTER IT ? WHAT IS THE CURRENT VAT RATE IN KOLKATA? WHICH FORM IS USED TO PAY MONTHLY AND QUARTERLY AS WELL AS ANNUAL VAT?
all subject of 3rd sem llb
Compare these bottles of Tesco and Timotei shampoo.
if any indian guy want to marry pakistani girl than how he get pakistani nationality is it possible that he get pakistani nationality?
what is the procedure for changes in director's details of company ??.is form 32 appropriate for that .??
