What is direct tax & indirect tax
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Direct Tax is Income Tax, which cant be impose or transfer
to another person.
Indirect Tax is sales tax, VAT, which can impose or
transfer to another person
| Is This Answer Correct ? | 132 Yes | 15 No |
Answer / vivek kanna
DIRECT TAX is the tax collected directly from the people in
the way of income tax,property tax,wealth tax etc.
INDIRECT TAX is the tax collected from the customers on the
goods purchased or for the service provided.That is
VAT,sales tax,excise duty,customs duty etc.
| Is This Answer Correct ? | 113 Yes | 12 No |
Answer / amit pal
could not take credit in future he called direct tax ,like-
Income tax and Wealth tax.
| Is This Answer Correct ? | 68 Yes | 24 No |
Answer / sriparna
The Tax whose burden can not be shifted from the assessee
to other person is Known as Direct Tax. The assessee
himself has to borne it totally. Eg- Income Tax, Wealth Tax.
The Tax whose burden can be shifted from the assessee to
other person is Known as Inirect Tax. Eg- VAT,CST,Service
tax, Excise Duty, Custom Duty etc .
| Is This Answer Correct ? | 32 Yes | 9 No |
Answer / shiva kumar
The Tax which is collected from the people whose the limit
is exceeded which the government has imposed. i.e., Income
Tax, Property Tax, Etc
The Tax which is collected from the public for which the
are using the service provided by the Government,
Service Tax & Excise Duty
| Is This Answer Correct ? | 30 Yes | 10 No |
Answer / regina
A direct tax is the tax which is mostly levied on the
income of people and conpanies.the burden of tax cannot be
shifted but alwways borne by the tax payer,eg of DIRECT TAX
include personal income tax ,capital gain tax
etc.
Indirect tax is is a tax which a person paid in porportion
to the valvbe of a particular goods sold and brought.the
burdrn of indirect tax is mostly impossed on to the final
consumer in the form of high price.eg are import
duty ,export duty,etc
| Is This Answer Correct ? | 25 Yes | 6 No |
Answer / rajesh manepalli
direct tax is a tax which is collected directly from the
people in the form of income tax and wealth tax , property
tax
where as indirect tax is a tax which is collected from
customers on the goods purchased and for service provided
examples for this sales tax service tax etc...............
| Is This Answer Correct ? | 23 Yes | 10 No |
Answer / pragati singh
direct tax is the tax which is directly collected from the
person in the form of his income basis.and in the direct
tax third person is not involved.
And indirect tax is collected from the person who purchased
goods from the service provider,and that sevice provider
which is third person inolve in this is pay the tax to the
government.the third person is also involve in indirect tax.
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / whatever
Direct Taxes are the taxes for those who are intended to
pay, they can not be tranferred to others.
eg. personal income taxes, sucesscion duties, wealth taxes,
property taxes
Indirect Taxes are the taxes which could be tranferred to
others though price increase.
eg. VAT (Value Added Taxes), Sales Taxes, Goods and
Services Taxes, Excise Taxes, Custom Duties
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / muhammad adrees
A tax which is imposed and collected from one
persoc,i.e.income tax on salaried person,is known asdirect
tax.
A tax which is imposed on one person and collected from
other person,i.e.sales tax,is known as indirec tax.
| Is This Answer Correct ? | 27 Yes | 20 No |
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