what is indirect tax?

Answer Posted / rajesh

tax has been classified in two types direct tax and
indirect tax direct tax can not be trasfered to another
person where as indirect tax can be trasfered to another
person. direct tax is charged on persons and inderect tax
is charged on commodities. indirect tax collected by
manufacturer from distributor and distributor from retailer
and then retailer from consumer that means indirectly
collected from consumer in chain process where as direct
tax is olny collected from assessee

Is This Answer Correct ?    205 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on _____________Accident Insurance

1337


pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com

1541


difference betwwen the 4.6 & 4.7 ecc versions

1922


What Is Depreciation, and from which date do we charge Depreciation for an asset ?

1649


Where to enter bonus and pf esi in tally pls help for me

1555






Expand--------TOS

1811


Expand---------NMOP

1598


describe how accuracy in trial balance is a prime objective for preparing the financial statements?

1584


How i pass the share holders capital entry in Tally? How to set this option in Tally?

3470


EXPAND______________ICC

1744


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

1471


Depreciation method to using Indian company names

1586


Distinguish capital and Revenue receipts

1754


What are the rates of Depreciation? Like machinery items, wooden items?

1539


WHAT WILL BE THE ACCOUNTING ENTRIES IN THE BOOKS IN CASE OF A COMPANY HAVING ITS SHARE CAPITAL WHEN A NEW COMPANY (LTD OR (P) LTD) IS FORMED ?

1641